• helps to ensure the bank achieves its targets, is sustainable, operates cost-effectively, and that employees perform their tasks efficiently and honestly;
  • advises and helps to identify opportunities for improvements in performance.

The department audits all the divisions at regular intervals. Audit reports are submitted to the Supervisory Board and the Governor of the central bank. The department also helps prepare for and carry out audits of Eesti Pank organised by the ESCB.

The internal audit department takes the auditing principles agreed by the European System of Central Banks as the basis for its work. Read more about these principles.

The Head of the Internal Audit Department is Henn Oit. Besides him, there are five more employees in the department.