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16
Practices of administrative and management bodies
Internal Control
151
Worldline
2016 Registration Document
Internal Control
16.6
[GRI 103-3 Socioeconomic compliance] and [GRI 419-1]
[GRI 102-16] [GRI 102-17] [GRI 103-1 Anti corruption]
Systemof Internal Control
[GRI 102-25] [GRI 102-33] [GRI 102-34]
16.6.1
Marchés Financiers).
reference framework prescribed by the AMF (Autorité des
The internal control system relies on the internal control
the AMF.
financial information, in compliance with the application guide of
given to the internal control system relating to accounting and
internal control system of Worldline. Specific attention has been
used to describe in a structured manner the components of the
The “general principles” section of the AMF framework has been
Internal control definition and
16.6.1.1
objectives
ensure:
Internal control system designed throughout the Group aims to
compliance with applicable laws and regulations;
●
by general management;
application of instructions and directional guidelines settled
●
particularly those implicating the safeguarding of its assets;
correct functioning of company’s internal processes
●
reliability of financial information.
●
and not an absolute guarantee against these risks.
One of the objectives of internal control procedures is to
system, this mechanism can only provide reasonable assurance
accounting and financial areas. As for any internal control
prevent and control risks of error and fraud, in particular in the
Internal control systemplayers
16.6.1.2
control procedures at Worldline are as follows:
The main bodies involved in the implementation of internal
Board of Directors supported byAudit Committee
Board’s role supported by its committees. Those committees
The Board of Directors prepares governance rules detailing the
system. The Audit Committee, in particular, is informed of the
enlighten the Board as to the quality of the internal control
content and the implementation of internal control procedures
implementation of the Internal Control System.
information and stays informed about the proper
used to ensure the reliability and accuracy of financial
Executive Committee andManagement Committees
Group.
control system and defines strategic orientations to develop the
General management defines the framework of the internal
responsible for implementing and monitoring the internal
the Group. Management Committees, at different levels, are
control system within their respective areas of responsibility.
The Executive Committee leads the operational performance of
Audit, Risk andCompliance (ARC) Committee
related to identified weaknesses or potential risks.
conclusions with local management, and to review action plans
Internal Control topics. Its purpose is to share the main audit
Internal Audit, in order to strengthen the local supervision of
The ARC has been setup under the supervision of Group
Operational Control
throughout the Group.
Group’s clients. It also deploys internal control initiatives
create and maintain strong relationships of trust with the
quality, compliance and operational governance in order to
The role of Operational Control is to guide overall security,
Internal Audit
recommendations resulting therefrom. Internal Audit remains in
coordination between internal and external control.
contact with the statutory auditors to ensure effective
function globally in accordance with consistent methodology.
Internal Audit is outsourced to the Atos group in order to
of the audit plan, the mission objectives and the results and
The Audit Committee receives regular reports on the execution
control over key challenges.
compliance with international standards and IA’s degree of
Internal Audit (IA) function in organizations, the level of
IFACI certification. This accreditation attests to the quality of the
obtained the renewal of the French Institute for Internal Audit’s
In 2016, the Internal Audit department of the Atos group
Components of the internal control
16.6.1.3
system
Organization/control environment
main components are presented in this section.
internal control system and the fundamentals of the Group. The
procedures and practices) represent the ground layer of the
The organization, competencies, systems and policies (methods,