Risk Management and Internal control
The Board of Directors oversee that the quality of Data Respons’ risk management and internal control functions are aligned with our business objectives and sufficient taking into consideration the scope and nature of the company’s operations.
The Board of Directors evaluate, at least annually, the company’s most significant risks and the related internal control measures in place.The Board of Directors oversees and evaluates the company’s internal control and risk management functions related to financial reporting. The management is responsible for establishing and maintaining adequate internal control of financial reporting.
The objective of the internal control of financial reporting is to provide reasonable assurance regarding the reliability of financial reporting and the preparation of Data Respons’ financial statements for external reporting purposes in accordance with International Financial Reporting Standards. The effectiveness of internal control of financial reporting is evaluated annually by the Board of Directors.
As part of the audit of the financial statements, the external auditor reports on the effectiveness of internal controls related to financial reporting to to the Audit Committee and the Board of Directors at least once every year.