{"id":195189,"date":"2016-07-28T16:43:28","date_gmt":"2016-07-28T13:43:28","guid":{"rendered":"https:\/\/www.bondora.com\/blog\/?p=4059"},"modified":"2016-07-28T16:43:28","modified_gmt":"2016-07-28T13:43:28","slug":"audit-function","status":"publish","type":"post","link":"https:\/\/goandgrow.eu\/en\/blog\/audit-function\/","title":{"rendered":"Audit function and internal financial reporting"},"content":{"rendered":"<p>Today we are continuing our article series on governance and risk management at Bondora. Earlier we have discussed our <a href=\"https:\/\/www.goandgrow.eu\/blog\/bondora-governance-risk-management\/\">high level governance model<\/a>, <a href=\"https:\/\/www.goandgrow.eu\/blog\/overview-of-bondoras-management-board\/\">Management Board structure<\/a> as well as the background of our <a href=\"https:\/\/www.goandgrow.eu\/blog\/overview-bondoras-supervisory-board\/\">Supervisory Board members<\/a>. Today we take a closer look at our audit function.<\/p>\n<h3>FINANCIAL AUDITOR<\/h3>\n<p>AS Deloitte Audit Eesti, Tallinn, Estonia provides audit services to Bondora. AS Deloitte Audit Eesti are chartered accountants, are members of the Estonian Board of Auditors in the Republic of Estonia, and are qualified to practice as auditors in the Republic of Estonia.<\/p>\n<p>Bondora has had its 2014 and 2015 annual reports audited by Deloitte. The audits have been carried out according to IFRS and Bondora has been given a clean audit opinion on both years.<\/p>\n<h3>INTERNAL AUDITOR<\/h3>\n<p>Erki M\u00e4gi from AS PricewaterhouseCoopers, Tallinn, Estonia has been named as an internal auditor reporting to the Supervisory Board. Erki M\u00e4gi is a certified internal auditor and qualified to practice as an internal auditor in the Republic of Estonia.<\/p>\n<p>AS PricewaterhouseCoopers has to date performed one thorough review of Bondora\u2019s internal processes and controls and will continue to regularly perform independent assessments of Bondora\u00b4s processes. The aim of the audit is to identify if Bondora, its management and staff member\u2019s activities comply with legal requirements, Estonian Financial Supervision Authority rules and Company\u2019s internal rules, the Management Board\u2019s and Supervisory Board\u2019s decisions, Bondora\u2019s contractual agreements with the third parties and how do these activities correspond with the industry\u2019s best practice.<\/p>\n<h3>INTERNAL FINANCIAL REPORTING<\/h3>\n<p>Rein Ojavere, Chief Financial Officer of Bondora, is responsible for overseeing financial planning and control, tax, accounting, audit and shareholder relations, including reporting.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today we are continuing our article series on governance and risk management at Bondora. Earlier we have discussed our high level governance model, Management Board structure as well as the background of our Supervisory Board members. Today we take a closer look at our audit function. FINANCIAL AUDITOR AS Deloitte Audit Eesti, Tallinn, Estonia provides [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[117],"tags":[],"class_list":["post-195189","post","type-post","status-publish","format-standard","hentry","category-bondora-news"],"acf":[],"featured_image":null,"categories_names":["News"],"category_name":"News","_links":{"self":[{"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/posts\/195189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/comments?post=195189"}],"version-history":[{"count":0,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/posts\/195189\/revisions"}],"wp:attachment":[{"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/media?parent=195189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/categories?post=195189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/tags?post=195189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}