Annual report - HSE

• Supervising the integrity of financial information prepared by the company;
• Assessing the preparation of annual report and decision for the Supervisory Board;
• Participating in the definition of the more important audit areas;
• Participating in preparation of the contract between the auditor and the company;
• Performing other tasks determined by the Articles of Association or SB Decision; and
• Cooperating with the auditor in the audit of the company’s annual report, particularly
with mutual informing on main issues related to audit.
The structure and operations of SB and Audit Committee are presented in the SB report.
3. Internal controls and risk management in the
company
Under the company’s internal control system we understand planned and systematic
establishment of procedures and methods which, in the course of their operation, assure
punctuality, reliability and completeness of data and information, accurate and fair
preparation of financial statements, prevent and detect deficiencies in the system and
assure compliance with acts and other regulations and internal governing documents of
the company.
With the intention of ensuring greater transparency, efficiency and responsible operations,
the company established an operating system of internal controls and risk management
through the company’s organisational structure, standard of quality management ISO
9001, OHSAS 18001 standard, information security management as required by ISO/
IEC 27001 and internal governing documents of the company with a precisely prepared
reporting system per individual organisational units. The internal control system is
supported with IT control system which also ensures relevant limitations and control over
the network as well as precise, up-to-date and complete data processing.
The company established the advisory body HSE Committee Risk Management in order
to establish the comprehensive risk management system within the company, to provide
quality basis of company management and governance to the company’s management
and founder and with the purpose of achieving the goals planned. Organisation, structure,
method of work and its tasks are defined in the Rules governing the work of Risk
Management Committee of HSE d.o.o.
The company established the Internal Audit an independent organisational unit in order
to ensure constant and comprehensive examination of regulatory and legal compliance,
as well as of economy and organisational structure of operations. Internal Audit performs
independent and objective audit activity within the company.
The Managing Director is responsible for establishment, operation, control and constant
improvement of internal control system and accuracy and completeness of data.
Ljubljana, 28 June 2013
Blaž Košorok,
Managing Director of HSE d.o.o.
2.1.5 Report on implementation of AUKN RS
(SOD) recommendations in 2012
Annual Report HSE 2012
2 Business Report
32
In 2012, the company HSE regularly monitored recommendations by AUKN RS (SOD) and
informed the HSE SB of their implementation on regular basis. The company reasonably
considered the AUKN RS (SOD) recommendations in its operations.