NEOPOST - 2018 Registration document
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Risk factors and internal control
Internal control and internal audit procedures
Internal Control system
BOARD OF DIRECTORS Audit Committee
GENERAL MANAGEMENT
First line
Second line
Third line
Operational management
EXTERNAL AUDIT
Accounting Treasury Controlling Taxation
REGULATORS
Finance
Risks management
Insurances
Internal Audit
ISO 14001 ISO 9001
Quality
Legal
Human resources
Internal control
• • • • •
Internal control system is organized around three pillars: the first line of defense is composed of the operational • management which is in charge of communication and application of procedures; the second line is composed of functional departments: • finance, quality, risks management, internal control, legal and human resources; the third line involves internal audit. • A manual of procedures has been drafted and covers the following topics: budget consolidation and reporting processes; • investment and assets management; • cash flow; • communication (including financial communication, press • communication…);
legal;
conflict of interests;
anti fraud policy;
code of ethic;
insurance manual;
human resources procedure. • Every new or updated procedure is circulated electronically to the manager of each subsidiary. Each subsidiary arranges internal communication of the procedure and ensures they are implemented and applied by employees. The procedures are permanently available on the Group’s Intranet dedicated to internal control. The consistent involvement of Group management in subsidiaries’ operations through regular reviews also allows for the rapid identification of any anomalies and the efficient and timely implementation of appropriate remedial action plans.
finance and accounting principles; •
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REGISTRATION DOCUMENT 2018 / NEOPOST
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