Internal Control and Risk Management Systems related to Financial Reporting

Internal Control and Risk Management Systems related to Financial Reporting

Internal control is an essential part of the Company’s governance and its management systems. It covers all processes and organizational levels of the Group. The purpose of internal control is to provide reasonable assurance that the Company can execute its strategy effectively in regard to business operations and reliable financial reporting is in place. Internal control is not a separate process but it is embedded in the operations of the Company covering all the Group-wide policies, principles, manuals and systems. In order to strengthen the framework for internal control, the Company continues to develop and harmonize certain common processes and the use of systems related to such processes.

Share this pageShare this page