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Authority of Internal Audit Function

The Internal Audit Function is established to add value through systematic, objective, and independent assurance and consultancy on governance, risk, and controls within the company. This function plays a role in supporting the company’s commitment to good corporate governance. Internal Audit practices adhere to the International Standards for the Professional Practice of Internal Auditing issued by the Institute of Internal Audit (IIA).

The Scope and Authority of the Internal Audit Function include:

  1. Being accountable to the highest level of the company.
  2. Encompassing all business areas within the company.
  3. Reviewing and evaluating internal controls, risk management, and corporate governance to provide assurance and consultancy.
  4. Conducting special examinations when necessary.
  5. Having the authority to access all relevant information about the company related to the execution of tasks and functions.