An internal audit is a systematic assessment performed by internal auditors to help ensure an organization’s compliance with regulations and identify areas for improvement. To prevent bribery within its organization, Kimia Farma Trading & Distribution (KFTD) enforces the anti-bribery policy with regular internal audits.
To fulfill the requirements for implementing the Anti-Bribery Management System, internal audits are carried out once a year. This audit is performed to ensure that the Anti-Bribery Management System has been implemented and meets the ISO standard and the requirements set by the company.
This annual audit is designed to assess the status and significance of the audited divisions and the process. The criteria, scope, frequency, and methods of the audits are determined following the established procedures. To maintain objectivity, auditors are selected independently, and auditors will not audit their own work.
Once the audit results are released, the auditees promptly take corrective actions to address the issues and their underlying causes. It is also followed up with verifications of the actions taken to address the issue. The auditees will also need to report the verification results. This process ensures objective audit as well as timely and precise resolutions.
This audit process is effective in preventing Legal Issues that potentially occur in KFTD since the company actively pursues the resolution of any non-conformities that may occur. It also ensures that the company consistently implements good corporate governance within its organization.
Internal audits play a vital role in implementing good governance by providing an independent assessment of organizational processes, controls, and risk management practices. It ensures the transparency, accountability, and integrity of the company.
With good governance in its organization, Kimia Farma strategically prevents Bribery and other possible criminal activities within its organization.