Control activities

Eniro has identified the following main processes:

  • revenue process
  • payroll process
  • purchasing process
  • book-closing process.

These processes have been documented through detailed descriptions of control activities. The control activities, which can be manual as well as automated, are mainly aimed at discovering and preventing errors and thereby ensuring the quality of the financial reporting. Control activities are performed at both the subsidiary and Group level.

Roles and responsibilities

Role

Control person

Sub-process owner

Process owner

Responsibility

Perform controls
Evaluate controls
Report on effectiveness of controls

Update and monitor sub-processes

Update and govern entire processes

Examples of duties

Document performed control
Address any deviations

Review and confirm performed control
Prepare and ensure possible actions

Follow up and report on control and evaluation
Follow up any actions

Report

Documentation in risk control matrix

Quarterly reporting on performed controls, effectiveness and any changes in sub-process

Quarterly reporting on performed controls, effectiveness and any changes in subprocess

Reports to

Sub-process owner

Process owner

CFO