INTERNAL AUDIT AND CONTROL
The internal supervision of Julius Tallberg Real Estate Corporation is divided into financial and other supervision. Internal supervision is carried out in the company by the Board and the Managing Director and by the entire personnel. The purpose of internal supervision is to ensure that:
- the approved operating plan and budget goals and targets are achieved
- the company's resources are used economically and efficiently
- any risks related to operations are under control
- any financial or other management information is reliable and authentic
- external regulations, internal procedures and appropriate procedures in customer relationships are followed
- operations, information and the company's property are safeguarded and the insurance policy is kept
- appropriate information systems and work processes to support operations are in place
The company's Board of Directors is responsible for organising and maintaining sufficient and well-functioning internal supervision. It is the Managing Director's duty to ensure that internal supervision procedures are carried out in practice.
The Managing Director also makes sure that the goals, procedures and strategic plans set by the Board are adhered to. The Managing Director maintains an organisational structure in which the responsibilities, authorities and reporting relationships are defined in writing clearly and comprehensively.
The Managing Director makes sure that existing laws and the regulations based on them, as well as the company's operating principles and the Board's decisions are followed in the Group's day-to-day operations.
The reports made by the auditors to the Board and the Managing Director during the year include an administrative audit and relevant parts of the Company's internal audit.
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