Internal Control and Risk Management

The Internal Audit Function

The Internal Audit Function standardises its activity to conform to generally accepted professional standards at national and international level and verifies:
a) the correctness of the management processes and the effectiveness and efficiency of organisational procedures;
b) the regularity and functionality of information flows between corporate sectors;
c) the adequacy of IT systems and their reliability, so that the quality of the information on which the top management bases its decisions is not affected;
d) the compliance of administrative and accounting processes with criteria of integrity and the regular keeping of accounts;
e) the effectiveness of the controls carried out on outsourced activities.