The Audit Function verifies, both continuously and in relation to specific needs, in accordance with international standards, the implementation and suitability of the internal control and risk management system through an audit plan, approved by the Board of Directors, based on a structured process of analysis and prioritisation of the main risks.
In order to fulfil its duties, the Audit Function organises its activities as follows:
- assessments on the processes (i.e. insurance, operational, businesses of the Group companies subject to the supervision of the Bank of Italy, financial and information technology);
- assessments arising from regulatory obligations;
- assessments of the sales networks and the claims management centres of the subsidiary insurance companies;
- inspections on internal frauds;
- other activities, such as those provided for by laws and regulations, projects, administrative and reporting activities.