The role of Internal Audit remains pivotal in the governance and management systems of our company. It serves as a crucial assurance mechanism, ensuring that adequate systems, policies, and procedures are in place and being adhered to ensure the achievement of the company’s objectives and safeguarding of its assets.
Furthermore, the Internal Audit function provides reasonable assurance that the systems and procedures are in place and being adhered to ensure timely and accurate reporting to the directors, management, and stakeholders. Additionally, it assures that the policies and practices are in place to monitor the company’s compliance with appropriate laws and regulations.
The Board Audit Committee continues to provide valuable support to the Board in fulfilling its oversight responsibilities. This includes ensuring the integrity of the company’s financial statements and financial reporting processes, evaluating the effectiveness of internal control systems, and overseeing the internal audit processes.