Internal Audit Group of JSW S.A. operates in accordance with adopted on April 24, 2017 Supervisory Board of JSW S.A. Resolution No. 253/IX/2017 of the Internal Audit Regulations of Jastrzębska Spółka Węglowa S.A., the Code of Ethics of Internal Auditors of Jastrzębska Spółka Węglowa S.A. and the International Standards for the Professional Practice of Internal Auditing published by the Institute of Internal Auditors.
The aim of the Internal Audit of JSW S.A., is to add value and improve the organization's operations, and to provide the Management Board and the Supervisory Board of JSW S.A. with independent and objective information on the functioning of the internal control, risk management and corporate governance in JSW S.A. and the JSW Group’s subsidiaries.
Internal audit provides assurance about the effectiveness of control mechanisms and validation processes investigated and, if any deviations, it recommends the introduction of appropriate corrective action, or improvements. According to the Regulations, the group also conducts consulting business.
Implementation of the agreed recommendations is the obligation of the managers of the audited organizational units.
The functioning of the Internal Audit Group is monitored by the Audit Committee, appointed by the Supervisory Board.
The group performs its tasks in JSW S.A. and in the JSW Group’s subsidiaries based on approved by the Supervisory Board of JSW S.A. strategic and annual internal audit plan of JSW S.A.
The functioning of the Internal Audit unit is regulated by the provisions of the Statute of JSW S.A. and the Code of the JSW Capital Group.
Last update: 12.06.2020