Bouwinvest has established an independent internal audit function to help the company meet its operational and business targets by taking a systematic, disciplined approach to evaluation. The internal audit function also ensures the continuous improvement of the effectiveness of our risk management, control and governance processes.
On the operational front, this involves audit of the ISAE processes, the custodian/depositary processes and the AFM processes, as well as all IT-related processes (such as COBIT, SAP, eFront) to ensure that Bouwinvest has sufficient fail-safe, recovery and data protection functions in place to safeguard its IT systems. The Internal Audit team takes a proactive approach to its tasks and offers advice and recommendations on potential improvements and updates to processes and systems.
In 2016, the Internal Audit team extended its auditing coverage to the assessment of our external property managers. The internal audit function reports to the Board of Directors and the Supervisory Board.