The Board of Directors is responsible for organising internal audit activities and preparing audit plans together with the CEO. The internal audit supports Vapo Oy’s Board of Directors, the CEO and other senior management in carrying out their supervisory tasks. Internal audit services are purchased from an external service provider in the manner approved by the Board of Directors. Vapo Group’s Chief Legal Officer controls and supervises the implementation of these services and is responsible for communicating with the Board of Directors, its Audit Committee and the senior management in matters related to the internal audit.
The internal audit:
The aforementioned is implemented by providing assessment and assurance services independent of the business organisation’s management and by way of consulting in a manner that does not compromise independence.
The Chief Legal Officer and the external auditor performing the internal audit report to the Board of Directors, the Audit Committee and the senior management, in addition to the preparing analyses, assessments and development recommendations on the operations of the Group and the Group companies.