At Trust International Insurance Company (Cyprus) Ltd, we believe that trust is not earned with words, but with actions.
Internal Financial Audit is one of the key ways in which we put into practice our commitment to the principles of transparency, accountability and responsible management. Behind every number, process or policy is a common goal: to ensure that we operate with consistency, accuracy and respect for all stakeholders - from customers and partners to our own team members.
The Internal Auditor has the overall picture of the organisation. He evaluates, monitors and identifies potential risks, offering suggestions and solutions that are not limited to solving problems, but prevent situations and support the future growth of the company.
Objective: To help Trust operate with lasting consistency, security and strategic perspective.
Evaluation of the Internal Audit System
The effectiveness of the internal mechanisms is checked to ensure their ability to detect and prevent errors, mistakes or omissions. Internal audit provides clear answers as to whether internal structures are functioning as they should.
Risk analysis
The Internal Auditor identifies risks - whether financial, legal or operational - in a timely manner and contributes to the development of appropriate mitigation strategies.
Suggestions for Improvement
The value of the audit is not limited to observation. Based on the assessments, substantive recommendations are made that lead to measurable improvements in the day-to-day operations and strategic direction of the organisation.
Compliance with Regulations
The insurance sector is governed by a strict regulatory framework. Internal audit ensures that the company is in full compliance with the relevant legislation and the instructions of the supervisory authorities.
Strategic Support
Internal audit is not only an evaluation tool, but also a source of strategic guidance, helping the company to evolve not only its processes but also its business model itself.
Internal Financial Audit makes a fundamental contribution to maintaining corporate integrity.
The direct cooperation of the Internal Auditor with the Board of Directors ensures that all internal processes and financial actions are carried out with transparency, consistency and strategic foresight.
Internal Audit provides real value at multiple levels of the corporate function:
