Internal Audit Service
The mission of the Internal Audit Service (hereinafter referred to as the Service) is to provide the necessary assistance to the Board of Directors and the management of Qazteleradio JSC (hereinafter referred to as the Company) in solving the tasks of risk management and improving business processes in order to achieve strategic goals. The main tasks of the Service are:
- assessment of reliability and efficiency of the internal control system;
- assessment of reliability and efficiency of the risk management system;
- assessment of improvement of the corporate governance process in the Company.
The Service provides the Board of Directors with independent and objective information on the effectiveness of the Company's internal control procedures. Effective internal controls are required to ensure the timeliness and reliability of transactions made to achieve the Company's objectives.
The Service identifies any deficiencies in the Company's internal control system and makes recommendations aimed at mitigating risks and improving the internal control system and processes. Internal auditors also assess the adequacy of measures taken in each business unit, propose positive changes that can lead to increased productivity and efficiency.
The Head of the Service reports quarterly to the Board of Directors of the Company on the activities of the Service, reports on recommendations issued aimed at improving corporate governance and risk management in the Company.
In its activities, the Service is guided by the legislation of the Republic of Kazakhstan, the Charter, decisions of the Company's bodies, the Regulations on the Internal Audit Service of Qazteleradio JSC, the Policy on the organization of internal audit in Qazteleradio JSC. The activities of the Service are based on international professional standards of internal audit developed by the Institute of Internal Auditors (IIA).
