Internal AuditTikkurila Group’s internal audit function is an independent and objective activity assisting the Board of Directors in fulfilling its oversight responsibilities, as well as in evaluating and improving reporting processes, internal control, governance and audit processes, and to a relevant extent risk management. It also monitors compliance with laws, regulations and the Code of Conduct of the Group. Tikkurila’s Board of Directors approves the Internal Audit charter, which governs the principles of internal audit work within Tikkurila.
From the beginning of 2011, Tikkurila's internal audit has been managed as an in-house function that can also utilize external expert resources in conjunction with its audits. Previously it was handled by Tikkurila's previous parent company Kemira Oyj. Members of the internal audit team have complete and unrestricted access to all activities of the Group. Tikkurila’s Internal Auditor reports functionally to the Audit Committee of the Board of Directors and administratively to the Chief Financial Officer of the Group. Moreover, Internal Auditor has continuous dialogue with the statutory external auditors in order to coordinate their respective work and to exchange information.