The internal audit supports Vapo Oy’s Board of Directors, the CEO and the subsidiaries’ 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. The Group’s Senior Vice President for Corporate Planning 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 Senior Vice President for Corporate Planning and the external auditor performing the internal audit report, as necessary and appropriate, either jointly or independently, to the Group’s 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.