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Objectives and safeguards of the internal audit function

The last line of defence that complements the work

of internal control and risk management is internal

audit. According to the internationally accepted

definition, internal audit is “an independent and

objective assurance function that is guided by a

philosophy of adding value to improve the operations

of the organisation.

It assists the organisation in accomplishing its objectives

by bringing a systematic and disciplined approach

to evaluating and improving the effectiveness

of the organisation’s risk management,

internal control and governance processes”.

The internal audit function was introduced in 2017

at Société du Grand Paris with the aim of preventing,

through targeted analyses and recommendations,

the main risks that the Grand Paris Express is likely

to face.

The process is structured according to the internal

audit charter, which was adopted on 22 March 2017

by a resolution of the Management Board. The charter

defines the mission, role and responsibilities of

the internal audit function, together with the

responsibilities of the departments involved in

the process. It emphasises the role of Société du

Grand Paris’s Audit Committee, which was

set up by a resolution of the Supervisory

Board on 28 November 2018.

INCLUSION OF INTERNAL AUDIT

IN A CONTINUOUS IMPROVEMENT PROCESS

The internal audit charter is based on the professional

standards and code of ethics for internal auditing,

drawn up by the Institute of Internal Auditors and

distributed in France by the French Institute of

Audit and Internal Control (IFACI). These provide

the conceptual framework, called the International

Professional Practices Framework (IPPF), that

organises the authoritative guidance on the internal

audit profession. The charter also complies with

the quality standards applicable to the practice

of internal auditing (ISO 9001 standard).

Lastly, to ensure that the internal audit function is

carried out as independently as possible, as

recommended by Standard 1110, the Director of Risk,

Audit and Compliance reports to Société du Grand

Paris’s Management Board.

Ensuring that the internal audit function is carried out as independently as possible.

IDENTITY

RISKS AND CHALLENGES

Risks

CSR APPROACH

2020 ACTIVITY

Société du Grand Paris - Integrated Report 2020IdentityManagement BoardManagement BoardManagement BoardManagement BoardManagement BoardManagement BoardGovernanceGovernanceGovernanceGovernanceGovernanceGovernanceValue CreationLocal areas at the heart of everything we doStakeholdersMateriality MatrixMateriality MatrixMateriality MatrixMateriality MatrixRisk ManagementRisk ManagementRisk ManagementRisk ManagementRisk ManagementRisk ManagementRisk ManagementRisk ManagementRisk ManagementRisk ManagementRisk ManagementRisk ManagementRisk ManagementRisk ManagementRisk ManagementRisk ManagementCSR ApproachRoadmap and SDGsRoadmap and SDGsRoadmap and SDGsRoadmap and SDGsRoadmap and SDGsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsDetails of our actionsOur indicatorsOur indicatorsOur indicatorsOur indicatorsOur indicatorsOur indicatorsOur indicatorsOur indicatorsOur indicatorsOur indicators2020 ActivityActivity reportActivity reportActivity reportActivity reportActivity reportActivity reportActivity reportActivity reportActivity reportActivity reportActivity reportActivity reportActivity reportActivity reportFinancial dataFinancial dataFinancial dataFinancial dataFinancial dataSocial balance sheetSocial balance sheetSocial balance sheetSocial balance sheetSocial balance sheetSocial balance sheetSocial balance sheetSocial balance sheetSocial balance sheetSocial balance sheetSocial balance sheetSocial balance sheetSocial balance sheetSocial balance sheetSocial balance sheetSocial balance sheetSocial balance sheetSocial balance sheetSocial balance sheetSocial balance sheetSocial balance sheetSocial balance sheetSocial balance sheetSocial balance sheetSocial balance sheetSocial balance sheetSocial balance sheetSocial balance sheetSocial balance sheetSocial balance sheetSocial balance sheetSocial balance sheetSocial balance sheetSocial balance sheetSocial balance sheetSocial balance sheetSocial balance sheet
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