Internal audits

For the purposes of controlling risk, VION Food Group has opted for the COSO model that is consistent with VION’s decentralised management philosophy. VION Accounting & Control performs internal audits on the processes and financial reports in order to determine whether activities are being carried out within the specified frameworks.

The findings of the Internal Auditing Department are – after giving both sides a hearing – summarised in a half-yearly report, together with the findings of the external auditor. The report is discussed with the Audit Committee of the Supervisory Board.
In addition to the Code of Conduct, VION Food Group works with an Internal Abuse Reporting scheme.

For operational processes, control systems are in force for food safety, quality, product specifications and the environment. The audits are based on the internal and external audits required for ISO. They are often supplemented by separate audits by the purchasers of the products.


	Internal audits For the purposes of controlling risk, VION Food Group has opted for the COSO model that is consistent with VION’s decentralised management philosophy. VION Accounting & Control performs internal audits on the processes and financial reports in order to determine whether activities are being carried out within the specified frameworks. The findings of the Internal Auditing Department are – after giving both sides a hearing – summarised in a half-yearly report, together with the findings of the external auditor. The report is discussed with the Audit Committee of the Supervisory Board. In addition to the Code of Conduct, VION Food Group works with an Internal Abuse Reporting scheme. For operational processes, control systems are in force for food safety, quality, product specifications and the environment. The audits are based on the internal and external audits required for ISO. They are often supplemented by separate audits by the purchasers of the products.

Corporate Governance

Internal audits