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Corporate governance
Internal control
the
Group information systems governance department
is
●
In particular, it acquires an overall understanding of procedures relating
responsible for:
to the production and treatment of financial and accounting information.
establishing the information systems security policy within the
●
The role of the
Accounts Committee
set up by the Board of Directors is
Group, the information systems aim to respond to needs and to:
satisfy requirements regarding information security, reliability,
to assess the effectiveness and quality of the Group’s internal
●
availability and traceability:
control systems and procedures, to interview the internal audit
at Group level, the accounting and financial information
●
manager, to give an opinion on the organisation of the department
system is based on reporting and consolidation for preparation
and to be informed of its programme of work;
of the Consolidated Financial Statements and measurement of
to examine, in conjunction with internal control managers, the
●
the Group’s operating performance,
objectives and intervention and action plans in the area of internal
the Country executive directors are responsible for their own
●
audit, the conclusions of such interventions and the actions,
information systems, and have implemented measures to
recommendations and follow-up arising from them;
ensure system security and digital data integrity,
to examine the methods and results of the internal audit and check
●
managing
risks
relating
to
the
continuity,
integrity,
●
that the procedures used help the financial statements to reflect a
confidentiality and security of information systems;
true and accurate picture of the business in accordance with
the
Group insurance department
is responsible for setting up
●
accounting rules;
insurance to cover the Group’s insurable assets as effectively as
to assess the reliability of the systems and procedures used to
●
possible and according to available capacity on the market,
produce the financial statements and the validity of the positions
pursuant to Group insurance policies. It works with the Group risks
taken in respect of presenting significant transactions;
& compliance department in transferring of a portion of the risks to
to examine the methods used to report and present accounting and
●
the insurance market.
financial information from the subsidiaries and/or operational
The
Group internal audit department
is tasked with:
●
units;
assessing the operation of the internal control and risk
●
to examine the draft report on internal control and risk
●
management system related to asset risks, by performing the
management procedures.
missions included in the annual audit plan,
B. At country level
regularly
monitoring
and
making
any
necessary
●
recommendations to improve these systems,
The Country executive director is responsible for the establishment,
leading and consolidating the annual self-assessment campaigns
●
operation and supervision of the internal control and risk management
to develop internal-control tools as carried out by the Country
system at country level. The Country executive director is supported by
executive director.
internal controllers, who are tasked with:
The
Board of Directors
reports on the principal risks and uncertainties
helping to define the country internal control and risk management
●
faced by the Group in the management report.
system, particularly by ensuring that the Group internal control
It takes note of the essential characteristics of the internal control and
framework is properly rolled out;
risk management system communicated in a timely manner by the
ensuring that procedures defined by the country and the Group are
●
Accounts Committee and general management.
properly applied.
Data relating to internal accounting and financial control
3.6.2
During 2015, the Group continued to enhance its accounting and
the application of instructions and strategic directions established
●
financial internal control system by boosting the role of the functional
by the Group;
departments, the implementation of the Corporate Rules and the
the prevention and detection of fraud and accounting and financial
●
deployment of a new consolidation and reporting tool.
irregularities;
General organizational principles
3.6.2.1
the presentation and reliability of published financial information.
●
Risks related to production of accounting and financial information
of internal accounting and
can be classified into two categories:
financial control
those related to the accounting of current operations in the country,
●
whose control systems must be set as close as possible to
Internal accounting and financial control aims to ensure:
decentralised operations;
the compliance of published accounting information with
●
those related to the accounting of non-current operations that may
●
applicable rules (international accounting standards);
have a significant impact on the Group’s financial statements.
The internal-control system described in the following paragraphs
incorporates this approach to risk.
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2015 REGISTRATION DOCUMENT