Objectives and safeguards of the internal audit function
The last line of defence that complements the work
of internal control and risk management is internal
audit. According to the internationally accepted
definition, internal audit is an independent and
objective assurance function that is guided by a
philosophy of adding value to improve the operations
of the organisation.
It assists the organisation in accomplishing its objectives
by bringing a systematic and disciplined approach
to evaluating and improving the effectiveness
of the organisation s risk management,
internal control and governance processes .
The internal audit function was introduced in 2017
at Société du Grand Paris with the aim of preventing,
through targeted analyses and recommendations,
the main risks that the Grand Paris Express is likely
to face.
The process is structured according to the internal
audit charter, which was adopted on 22 March 2017
by a resolution of the Management Board. The charter
defines the mission, role and responsibilities of
the internal audit function, together with the
responsibilities of the departments involved in
the process. It emphasises the role of Société du
Grand Paris s Audit Committee, which was
set up by a resolution of the Supervisory
Board on 28 November 2018.
INCLUSION OF INTERNAL AUDIT
IN A CONTINUOUS IMPROVEMENT PROCESS
The internal audit charter is based on the professional
standards and code of ethics for internal auditing,
drawn up by the Institute of Internal Auditors and
distributed in France by the French Institute of
Audit and Internal Control (IFACI). These provide
the conceptual framework, called the International
Professional Practices Framework (IPPF), that
organises the authoritative guidance on the internal
audit profession. The charter also complies with
the quality standards applicable to the practice
of internal auditing (ISO 9001 standard).
Lastly, to ensure that the internal audit function is
carried out as independently as possible, as
recommended by Standard 1110, the Director of Risk,
Audit and Compliance reports to Société du Grand
Paris s Management Board.
Ensuring that the internal audit function is carried out as independently as possible.
IDENTITY
RISKS AND CHALLENGES
Risks
CSR APPROACH
2020 ACTIVITY