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 within the Sampo Group. Sampo's Internal Audit has been organised to correspond to the business organisation.
The internal audit activity plan is made for three years and annually approved by the Audit Committee and the Board of Directors in the different legal entities. Internal Audit reports on the audits performed to the CEO and the Board of Directors of the legal entities and the Audit Committee. Company-specific audit observations are reported to the respective companies' management.
In its auditing work, the Internal Audit complies with the Internal Audit Policy approved by Sampo's Board of Directors. According to the policy, the Internal audit is obliged to comply with the guidelines set out in the International Professional Practices Framework of the Institute of Internal Auditors.