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Srv Company / Investors / Corporate Governance / Internal audit

Internal audit

SRV’s internal audit is responsible for independent and objective review of the company’s operations. The internal audit is based on the internal audit guidelines and the annual audit plan approved by the Board of Directors. The internal audit function supports the management in their supervising and reviewing duties by evaluating the functioning of internal control and by producing information and proposals on how to increase the efficiency of internal control. 

The company has an Internal Audit that is independent of line management. The Internal Audit reports to the Group’s President and CEO. In addition to own resources, internal audits can be carried out by the designated Internal Audit team of an outside service provider. Administratively, this audit team reports to the Senior Executive Vice President. Individual audits are based on the Audit Plan, which is approved annually by the Audit Committee. Written reports on the audits carried out are submitted not only to management, but also to the Audit Committee and annually to the company’s Board of Directors.