Internal Audit

eMemory’s Audit Office is an independent unit comprising one full-time dedicated member of staff who reports directly to the Board of Directors. Duties include evaluating the internal control system and improving the integrity, rationality, and effectiveness of management policies. The internal auditor reviews the company’s internal tasks and monitors its subsidiaries in accordance with annual plans, which needs to be approved by the Board of Directors. Besides informing the Board of Directors during its ordinary meetings, it briefs the Board Audit Committee on a quarterly.

The purposes of internal audit are to assist the Board of Directors and managers in reviewing the effectiveness of the Company’s internal controls, operational effectiveness and efficiency, and then to provide recommendations. This guarantees the continuous functioning of the internal control system and generates recommendations as to how to improve said system.

Internal auditing includes investigation and evaluation of internal control standards, as well as assessment of existing policies and procedures, and their effects on operational activities.