Independence Of Ia Activity

Front 1

What is independence about?

Back 1

freedom from conditions that threaten the ability to carry out responsibilities in an unbiased manner

Front 2

How can IA's independence be achieved?

Back 2

- through a dual-reporting relationship to the Board and senior management
- support by the Board and senior management

Front 3

What does dual-reporting do?

Back 3

separates functional reporting (to the Board) and administrative reporting (to senior management)

Front 4

What must the CAE at least annually do?

Back 4

confirm IA's organisational independence to the Board

Front 5

What are examples of functional reporting that involves the Board?

Back 5

- approving the charter
- approving budget and resource plan
- appointing CAE and approving his remuneration

Front 6

What is administrative reporting about?

Back 6

reporting relationship that facilitates the day-to-day operations of IA activity

Front 7

What does administrative reporting include?

Back 7

- budgeting and management accounting
- human resource administration
- administration of IA policies and procedures

Front 8

In what must IA activity be free from interference?

Back 8

- determining the scope of IA
- performing work
- communicating results

Front 9

How must the CAE communicate and interact with the Board?

Back 9

directly

Front 10

Whar are examples for direct communication and interaction with the Board?

Back 10

CAE's attendance of Board's meetings

Front 11

What members shall be in the IA committee to ensure IA's independence?

Back 11

NEDs