Internal control
The financial development of the company is monitored monthly by an operative reporting system covering the whole group. In addition to actual data, the system provides budgets, forecasts and investment reports.
There are business controllers in every division and a financial controller of international business in the finance department. The duties of the controllers include the accuracy control of financial reports and the analysing of the financial performance.
The company has financing, risk management, disclosure and insurance policies as well as internal control policy confirmed by the Board of Directors.
Further information:
Corporate Governance Statement 2009
Internal audit
The company has no internal audit organisation of its own, which is taken into account when determining the extent and content of the audit.
Regular auditing of the financial statements of international units is the duty of the financial controller of international business who works in the finance department. External auditor participates in some of the audits. Auditing activity is also included in the duties of business controllers as needed.