Annual Report of the Audit Committee 2003

European Investment Bank Annual Report to the Board of Governors AUDIT COMMITTEE Annual Report to the Board of Governors For the 2003 financial year 2 June 2004 page 1 / 10 European Investment Bank Annual Report to the Board of Governors AUDIT COMMITTEE ANNUAL REPORT TO THE BOARD OF GOVERNORS For the 2003 financial year Table of contents: 1. INTRODUCTION ........................................................................................... 3 2. DEVELOPMENTS IN THE BANK’S ACTIVITIES ......................................... 3 2.1. Recent developments .............................................................................................................. 3 2.2. Significant measures taken by the Bank.................................................................................. 4 3. REVIEW OF AUDIT WORK PERFORMED IN THE BANK........................... 7 3.1. External auditors ...................................................................................................................... 7 3.2. Internal Audit............................................................................................................................ 7 3.3. European Anti-Fraud Office (OLAF) ........................................................................................ 8 3.4. European Court of Auditors ................................................................................ ...