AEEI has a combined assurance model, which includes internal and external assessments of key strategic risks, internal controls and other material areas to support the integrity of the management, monitoring and reporting of data.
The Board paid attention to the combined assurance, which ensured that our combined assurance model adequately addressed the Group’s risk and material matters. The audit and risk committee provides internal assurance to the Board on a quarterly basis on the execution of the combined assurance plan. The Group’s financial, operating, compliance and risk management controls are assessed by the Group’s internal audit function, which is overseen by the audit and risk committee.
We continually look at optimising our combined assurance model to avoid duplication of efforts, rationalise collaboration and manage assurance costs.
This enables an effective control environment and ensures the integrity of the information used for reporting and decision-making.