INTERNAL AUDIT

 

The internal audit group is a separate and independent unit, which directly reports to the Audit Committee. The Chief Audit Executive is Ms. Geraldine B. Ateo-an.The Chief Audit Executivis appointment by the management, in accordance with company’s employment requirements and policies, and functionally reports directly to the Audit Committee. The role of the internal auditor is to provide independent, objective assurance, and consulting services to the management designed to add value and improve the company’s operations. The role also includes ensuring the adequacy of the network of risk management, control, and governance processes.

As provided in the Audit Committee Charter, the internal audit provides an annual report to the Audit Committee on the internal audit organization’s activities, purposes, authorities, responsibilities, and performance relative to the audit plans and strategies approved by the Audit Committee. Such annual report shall include significant risk exposures and control issues, corporate governance issues, evaluation of compliance with the Code of Conduct for the management and other matters requested by the Committee or the Board.

Internal Audit Charter