Sampo's Internal Audit is a function independent of business operations which evaluates the sufficiency and effectiveness of the internal control system and the quality with which tasks are performed in Sampo Group. Sampo's Internal Audit has been organised to correspond with the business organisation.
The Audit Committee of Sampo plc's Board of Directors annually approves Internal Audit's operating plan. Internal Audit reports on performed audits to Group CEO and Audit Committee. Company-specific audit observations are reported to the respective companies' governing bodies and management.
In its auditing work, the Internal Audit complies with, in addition to the Internal Audit Charter approved by Sampo's Board of Directors, the international professional standards approved by the IIA (the Institute of Internal Auditors).