The challenges of internal audit in a dynamic project structure

Within a constantly changing project structure like

that of the Grand Paris Express, internal audit must

strike a balance between its ability to adapt and

ensuring that the principles governing its audits are

strictly applied. Particular attention is paid to

the follow-up and implementation of audit

recommendations to ensure that internal audits

effectively contribute to controlling the project,

to supporting the continuous improvement

process and to providing information on high-level

governance bodies. Internal control also contributes

to this monitoring role.

Because of this requirement to achieve results, the

internal audit process is regularly reviewed to

assess the progress made in implementing audit

recommendations. These reviews are submitted to

the Management Board and the Audit

Committee.

Since its inception, the internal audit function has

become an important lever in the transformation of

Société du Grand Paris. By regularly sharing in-depth

and objective analyses of the main strengths and

weaknesses in managing the project, it has also

become a recognised partner in the governance of the

project.

The analysis of the issues identified in the materiality

analysis carried out in 2020 was cross-referenced

with the risk mapping produced by Société du Grand

Paris. A summary of the main extra-financial risks is

presented below.

Implementation of the provisions of the Sapin II Act on anti-corruption

Since January 2020, Société du Grand Paris has

been subject to the provisions of the law

of 9 December 2016 on transparency,

anti-corruption and economic modernisation,

known as the Sapin II Act. In 2019, it was

involved in defining an anti-corruption strategy

that meets the provisions of the law, with the

support of the French Anti-Corruption Agency

(AFA).

Société du Grand Paris has developed

a corruption risk map and has set up an

anti-corruption programme steering

committee. An internal alert procedure has

been defined, as has a methodology for

evaluating the third parties with which it works.

Employees are made more aware of the issues

of combating corruption, through dedicated

training sessions, and of preventing the risk of

conflicts of interest, through the use of specific

tools.

The internal audit process is regularly reviewed to assess the progress made.

IDENTITY

RISKS AND CHALLENGES

Risks

CSR APPROACH

2020 ACTIVITY