Continuous learning
Employees regularly improve their qualifications and develop professional competencies.
Internal Audit Service
Corporate governance and control
Independent assessment of the management system
The Internal Audit Service is directly subordinate and accountable to the Board of Directors of Volkovgeology JSC. Its work provides independent and objective information required for effective management of the Company.
Organisational status
Board of Directors
Functional oversight and control
Direct accountability
Internal Audit Service
Independent assessment and recommendations
Primary objective
Systematic improvement of effectiveness
The Service contributes to the improvement of risk management, internal control and corporate governance processes through a systematic and consistent approach.
Risk management
Assessment of the effectiveness of processes and material risks of the Company.
Internal control
Assessment of the reliability and effectiveness of the internal control system.
Corporate governance
Assessment of decision-making, oversight and information-sharing processes.
Working approach
Consistent audit practice
The Service follows common principles for planning, assessment and development of internal methodology.
Risk-based planning
The annual audit plan is prepared with due regard to risks and priority areas of the Company’s operations.
Methodology development
Internal audit policies, methods and procedures are systematically improved.
Objective assurance
Assessment results are used to prepare independent conclusions and recommendations.
Professional foundation
Service competencies
Employees’ knowledge, skills, experience, professionalism and creativity form the professional capital of the Internal Audit Service.
- Knowledge
- Skills
- Experience
- Professionalism
- Creativity
Professional certification
Knowledge and qualifications are confirmed through professional certification programmes.
Regulatory framework
Regulations on the Internal Audit Service
The document defines the objectives, functions, authority, responsibilities and organisational status of the Internal Audit Service of Volkovgeology JSC.
Regulations on the Internal Audit Service
Approved by the Board of Directors on 5 December 2025
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