Good Governance
I
Internal Audit
Internal Audit
At Akçansa, audit and consultancy activities are carried out with an independent and objective approach, based on a risk-oriented perspective.
Since its inception, the Internal Audit Unit has operated under the Audit Committee, comprising Independent Board Members, with the goal of adding value to Akçansa and advancing our operations.
At Akçansa, audit and consulting activities are conducted with an independent and objective approach, guided by a risk-based perspective. In the initial phase of the audit process, comprehensive analyses are performed, considering both national and international risks. Based on these analyses, an annual audit plan is developed. Following this, the audit activities are carried out, testing the adequacy of our internal control system. The audits also include assessments of the functioning of internal control systems, risk management, and governance processes. The findings are reported to the Audit Committee, and recommendations for improvements are submitted to top management. Throughout this process, all activities are performed in full compliance with the quality standards set by the Institute of Internal Auditors (IIA).
In 2024, we conducted audits on 15 different processes in accordance with our annual audit plan. Three of these audits were carried out in collaboration with the audit teams of our primary partners, thereby enabling a more comprehensive evaluation of the processes. Additionally, two process audits were completed using digital tools and data analysis techniques. As part of ethical reviews, we carried out in-depth examinations on nine distinct topics and provided consultancy services for one focus area aligned with our strategic priorities.
The findings from all audit and consultancy activities, along with our recommendations, are regularly shared with senior management and the Board of Directors. Improvement efforts based on our findings are closely monitored, and progress reports are provided at regular intervals.
In 2024, we held a total of 18 meetings, including Board of Directors and Audit Committee sessions, in coordination with senior management and the Board of Directors.
Legal Disclaimer
Akçansa 2024 Integrated Annual Report (‘Report’) has been prepared by Akçansa Çimento Sanayi ve Ticaret A.Ş. (‘Akçansa’). The scenario analyses aligned with TSRS, the financial materiality studies, and all assessments related to physical and transition risks stemming from climate change—prepared by Akçansa—are based on the company's data, calculations, expert opinions, and compliance with national and international standards. Akçansa Çimento Sanayi ve Ticaret A.Ş. shall not be held responsible for any losses or damages that may arise should third parties or entities rely on these assumptions.
