Internal Audit

ETHICS & INTEGRITY ASSURANCE

Internal Audit

Internal Audit provides independent, objective, validating and consultant services, designed to add value and improve operations. It helps the company to achieve its goals by adopting a systematic scientific approach to evaluation and improvement of its risk management procedures, internal control systems and corporate governance.  

Internal Audit is staffed by professionals who act independently from the areas they oversee. In addition to providing validating and consultant services, internal controllers are crucially involved in promoting ethics and integrity within the company. They help ensure that the policies and procedures at Hellas Gold are aligned with its values and mission. 

MAIN PRINCIPLES

Internal Audit
main principles

01.

Independence

Independent and free from any interventions that may affect integrity and objectivity.   

02.

Objectivity

Impartial and neutral stance. Conclusions and recommendations by Internal Audit are based on verified evidence and not personal opinions or perceptions.  

03.

Capability

Equipped with the appropriate knowledge, skills and experience that are essential for the execution of their duties, internal controllers continuously update their expertise to stay up-to-date with advancements in technology, regulations and best practices.  

04.

Confidentiality

Internal audit maintains confidentiality and refrains from disclosing information to non-authorized parties, unless otherwise required by the law or potential professional obligations.   

05.

Professionalism

Maintains high-level professionalism. This includes following professional standards and the code of ethics and business conduct, with due diligence.  

06.

Risk-based approach

A risk-based approach means that the department prioritizes their operations based on the level of risk associated with each area of control.  

07.

Ongoing improvement

Re-evaluating and continuously improving the procedures, methodologies and tools required for assuring quality and effectiveness. This includes receiving feedback from stakeholders and integrating outcomes from previous controls.  

THE ROLE OF INTERNAL AUDIT

The Internal Auditor characteristics

Staffing Internal Audit is crucial to providing successful, independent, and objective services. Eldorado Gold and Hellas Gold articulate the criteria for the training and experience of internal auditors with emphasis on:  

  • Standard qualifications and certifications
  • Experience
  • Independence
  • Effective communication skills

At the same time, Internal Audit undertakes to ensure a sufficient number of internal auditors, ongoing professional development, teamwork and collaboration.  

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CORPORATE GOVERNANCE

ISO Certifications

Our structured approach to corporate operations and our commitment to responsible mining demonstrate our dedication to sustainable development and governance. 

Find out more about our ISO Certifications