Page 42 - KELAG Annual Report 2019
P. 42

adopted  policies  that  apply  group-wide  with  binding
                    effect.

                    The accounting systems are protected by access rights. In
                    addition,  the  various  processes  involve  compulsory,
                    automatically triggered control and approval steps.

                    Risk management covers not only operating risks but also
                    the financial reporting system. Potential risks relating to the
                    financial reporting process are surveyed on a regular basis
                    and preventive measures are taken. The focus is placed on
                    those  risks  that  typically  qualify  as  material  for  the
                    company.

                    Compliance and the quality of the internal control system
                    are monitored on an ongoing basis in internal audits.
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