Immofinanz Nachhaltigkeitsbericht EN
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INTERNAL CONTROL SYSTEM<br />
In order to strengthen the internal control system (ICS) of the<br />
IMMOFINANZ Group, a new “Internal Audit & Control” department<br />
was set up in fi nancial year 2009/10. ICS is understood to refer to all<br />
compatible methods and measures that serve to safeguard assets and<br />
ensure the accuracy and reliability of billing data for invoicing and<br />
fi nancial reporting.<br />
In addition, the ICS is intended to support compliance with the<br />
business policy prescribed by the Managing Board. The ICS ensures<br />
reliable and prompt fi nancial reporting and fulfi ls internal and external<br />
regulatory requirements.<br />
The ICS at the IMMOFINANZ Group is based on the framework<br />
of the Committee of Sponsoring Organizations of the Treadway<br />
Commission (COSO).
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