The purpose of the AST internal audit is to assess and help improve the effectiveness of risk management, internal control and governance processes by contributing to AST objectives and adding value. The internal audit is functionally supervised by the AST Council, but administratively it is subordinated to the Chairman of the AST Board.
Based on the risk assessment performed, a strategic and annual internal audit plan is prepared, which is reviewed by the AST Board and approved by the AST Council.
The prepared internal audit reports are submitted to the AST Board and Council. The internal audit complies with the International Standards for the Professional Practice of Internal Auditing and the Code of Ethics.