It is the responsibility of the Internal Audit department to assess the quality and effectiveness of the internal control and risk management systems established by the Board of Directors, namely those set out in the Group Risk Management Policy.
The objectives of internal control are to ensure the efficiency of operations, the reliability of financial and operational reporting, and compliance with laws and regulations. The activity plan of the Internal Audit Department is defined based on the assessment of operational risks and the critical processes of each Company.
The results of the audits are assessed monthly by the Internal Control Committee – which reports to the Audit Committee – and are reported to the Group’s Managing Committee. On a quarterly basis, these results are also made available to the Audit Committee, whose responsibilities in the area of risk management are described in point 52. With the same regularity, a status update is carried out on the implementation of recommendations agreed with the heads of the audited areas.
The structure of the Company’s internal control system is described in point 52 and includes, among others, the risk management, supervision/compliance, and internal audit functions.
During the 2025 financial year, the Company continued the process of conducting, among others, audits of inventory management processes, accounts payables and receivables management, supplementary gains, food quality and safety, investments, information systems, and recruitment.