Board of Directors and Group Management

Internal audit

Internal audit examines that the organization's information is reliable and integrity, that laws and regulations are complied with, that assets are protected, that resources are used efficiently, and that established purposes and goals are achieved.

Internal audit helps an organization achieve its goals, by providing a systematic, structured way to evaluate and improve the effectiveness of risk management, governance and control, and management processes.

It is an independent, objective, assurance and advisory business, designed to add value and improve an organisation's operations.

This is the definition of what internal audit is according to the Institute of Internal Auditors (IIA). This is also the definition that Lantmännen's internal audit works by.

 

Internal Audit's mission

To improve the control environment throughout the Group by acting as a referral body and advisor for all types of internal control and risk issues.

Implement the Internal Audit Plan adopted by the Board of Directors for each financial year to evaluate and report on the effectiveness and effectiveness of risk management, governance and control, and to evaluate compliance with laws, instructions and agreements.

Perform consultation and investigations to the Group Board of Directors and Group Management as well as the rest of the organization to add value and improve the organization's operations in matters relating to internal control and risk management.