EnglishInternal control
DUG Foodtech has chosen not to establish a separate internal audit function, instead, the task is carried out by the entire board.
The internal control includes oversight of the company’s organization, procedures, and measures.
The purpose is to ensure reliable and accurate financial reporting, that the company’s financial reporting is prepared in accordance with law and applicable accounting standards, and that other requirements are followed.
The internal control system also aims to monitor compliance with the company’s guidelines, principles, and instructions. Additionally, it involves monitoring the protection of the company’s assets and ensuring that the company’s resources are used in a cost-effective and appropriate manner. Furthermore, internal control is carried out through monitoring in implemented information and business systems, as well as through risk analysis.