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  Assurance on the risk management process

Assurance on the risk management process

An internal assurance system has been developed to monitor the risk management process. Its key features are:

  • Internal Audit receives ongoing information on the risk register and EWRM process. This allows Internal Audit to ensure that its audit plan is up to date and risk based.
  • The mines and service divisions have an Internal Controller reporting to the Financial Manager. Their duty is to ensure that risks and mitigating strategies are implemented and kept up to date. This information is captured by the Internal Controller in the Cura risk management software.
  • Internal Audit conducts an annual review to assess the effectiveness of the risk management process. The extent to which mitigating strategies are implemented and whether these strategies are included in the individual BSC is part of this audit.
  • The corporate, regional and site Human Resource Managers are responsible for ensuring that risk-mitigating strategies are included in the BSC.