The Board of Statutory Auditors is a key body within the structure of corporate internal control and its responsibilities – inter alias – include:
- ensuring compliance with provisions of the law, regulations and provisions of the Articles of Association; ensuring the correct administration and adequacy of the organisational and accounting structure;
- monitoring of the overall functions of the internal control system;
- monitoring of the efficacy of the risk management and control system;
- periodical verification of its own efficacy in terms of powers, operations and composition, taking into account the size and operational complexity of the company.
Last updated 12/21/2014