The Internal Audit Department in Binzagr Company reports directly to the Chairman. It performs a range of assurance and consultancy activities across all business areas. The Audit Department also performs investigations including the ones related to fraud. The activities of the Audit Department are aligned with Binzagr Company’s business priorities to ensure audit recommendations are adding true value in terms of process and business improvements.

The Audit Team in Binzagr Company also perform surprise customer visits to verify on shelf availability (OSA) and accuracy of customer sales and market outstanding information.

The Internal Audit Department in Binzagr Company is responsible for:

• Identifying and evaluating significant exposures to risk, and contributing to the strengthening of risk management and control systems;
• Assisting the Company in maintaining effective controls by evaluating their effectiveness and efficiency and by promoting continuous improvement to achieve the following conditions:

o Financial and Operational information used for key decision making is reliable and has integrity,
o Operations are performed efficiently to achieve effective results,
o Assets are safeguarded, and all actions and decisions of the Company are in compliance with Binzagr Company Policies and Procedure and also comply to relevant laws and regulations.

Internal Audit issue a written report on their findings, conclusions and recommendations which is submitted to the Chairman, President and relevant stakeholders.