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We receive certification for our Internal Auditing practices• The Company has received the certification from the Institute of Internal Auditors• Certificate is for international standards in this practice• Procedures are linked to the continuous improvement of our managementWe have received the certification for Quality of Internal Auditing Practices in accordance with international standards regulating the profession granted by the Institute of Internal Auditors (IIA).It is the first time the Company has obtained this award that certifies that our Management of Internal Auditing in all its activities and structure meets the requisites of the ‘International Standards for the Professional Practice of Internal Auditing’ from the IIA. In accordance with the regulations the certificate must be renewed every five years, although Cepsa has decided it will follow best practices and renew it at least every three years.Our Management team for Internal Auditing was created in 1980 and covers financial matters, controls for processes and IT in security, quality and environmental protection. Its main function is assuring integrated auditing across the company and is designed to add value and improve the organization´s operations.Cepsa´s CFO Álvaro Badiola, alongside Cristina Fabre and José Montalbán from Internal Auditing received the certification from Javier Faleato, and Gabriela González-Valdés, Director, and Head of External Relations of the IIA respectively. “At Cepsa we have always looked to identify opportunities to improve our management in every area, and in that sense the work of the Internal Auditing team is very noteworthy. This certification also assures us that our planning and the activity of our auditing and internal auditors meet international standards,” said Álvaro Badiola.
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