68
RECOPE ANNUAL REPORT 2015
CONTROLLING RISK
The purpose is to effectively and efficiently promote
the achievement of objectives fulfilled in compliance
with technical and legal regulations to safeguard the
resources it manages.
The company has developed activities related to
the five key areas that comprise this undertaking
in order to accomplish this task, namely: Control
Environment, Risk Assessment, Control Activities,
Information Systems and Monitoring Procedures.
In 2015, among the most notable achievements in
furtherance of the continuous improvement of the
Corporate Internal Control System (SCI) were:
CORPORATE INTERNAL CONTROL SYSTEM
(SCI AS PER ITS SPANISH ACRONYM)
In compliance with the provisions established in
General Internal Control Act No. 8292, the company
implemented a Corporate Internal Control System (SCI
as per its Spanish acronym). This system is constantly
subjected to continuous improvement efforts and is
overseen by the Internal Control and Risk Management
Unit (UCIVRI as per its Spanish acronym), a
supplementary division of General Management.
The implementation of a Specific Risk Assessment
System (SEVRI as per its Spanish acronym), which would
operate in compliance with the provisions established in
the above-cited Act, and in other applicable regulations
laid forth by the Comptroller General of the Republic, is
being considered as part of the SCI.
RISK MANAGEMENT: MONITORING AND
