The Internal Audit team continues to play a prominent role in the company’s governance and management systems. Its vigilance provides assurance that satisfactory systems, policies, and procedures are in place and being followed to ensure that the company’s assets are safeguarded, and the company objectives are being met. It ensures financial systems and procedures are in place and being followed to ensure timely and accurate financial reporting to the directors, management, and stakeholders that help ensure the company’s financial objectives are being met. Additionally, it assures that the policies and practices are in place to communicate and monitor the company’s compliance with appropriate laws and regulations.
The Board Audit Committee also continues to support the Board in its oversight responsibilities, particularly those relating to:
1) The integrity of the company’s financial statements and financial reporting process;
2) Effectiveness of the company’s internal accounting and financial controls systems;
3) The internal audit process for monitoring compliance with laws and regulations; and
4) Business codes, ethics, and conduct.