During the certification process, which took one year, various aspects were reviewed. These included the formalisation of the organisational structure and competences of the internal audit function, the establishment of corporate governance committees and implementation of manuals, as well as policies and bylaws that regulate the internal audit function and ensure maximum rigor in supervisory work.
The company has also noted that, thanks to the fact that the internal audit, risk, and internal control areas of CLH currently have certified functions, the company ensures an adequate control over the processes. These are in line with the strategic priorities of the organisation and have the highest standards.
“This certification is a guarantee that the internal audit function of CLH has internationally validated standards and methodologies that allow us to continue generating sustained value and strengthening a relationship of trust with our investors and main interest groups,” said Jaime Muguiro, CEO of CLH.
“Companies that have a certified internal audit function offer transparency to their shareholders and their own collaborators, and a demonstration of that effectively meets world-class standards,” said Garardo Carstens, Project Leader of International Quality Assessments for the Institute of Internal Auditors. “Also, thanks to the certification, the company can indicate in its audit reports that the review carried out was based on globally recognised standards.”
