Internal auditing

Internal auditing supports the company’s management in the attainment of goals by consulting and evaluating the functioning of supervision and risk management systems and the functioning of management and administrative processes.

Internal auditing is a function independent of the business operations. It is organised in the Audit and Assessment Unit under the Managing Director. The Board of Directors approves the guidelines and annual plans for internal auditing. Internal auditing reports to the Managing Director and the Board of Directors annually. The Audit Committee supervises the activities of internal auditing by going through the annual plans and reports. Audits are conducted in keeping with the sector’s own professional standards and the guidelines issued by the Financial Supervisory Authority.