Interfront 2024 Annual Report

A B D E GOVERNANCE Internal Control Unit Interfront does not have a dedicated internal control unit. Instead, it integrates five interrelated components essential for managing internal control activities. This section provides an in- depth discussion of each component, emphasising how they collectively ensure robust internal control and governance. INFORMATION AND COMMUNICATION MONITORING ACTIVITIES CONTROL ENVIRONMENT CONTROL ACTIVITIES RISK ASSESSMENT 2 1 5 4 3  CONTROL ENVIRONMENT   at Interfront encompasses the practice of ethical values by employees, their commitment to competence and their personal development. Interfront endeavours to maintain a robust control environment through the recruitment of competent and qualified personnel dedicated to upholding our ethical values. Our Code of Ethics serves as the guiding principle for our conduct, and our staff members are unwavering in their commitment to ethical behaviour, integrity and accountability. The leadership team fosters a culture that emphasises the importance of adhering to policies and procedures, complying with regulations and effectively managing risks. This dedication is reflected in our thirteenth consecutive unqualified audit reports on the Annual Financial Statements, with twelve years of clean audit opinions. Interfront’s management philosophy and operating style prioritise transparent and proactive risk management and governance. The organisational structure is designed to clearly delineate authority and responsibility, ensuring that everyone understands their roles and duties. Authority and responsibility are delegated appropriately, promoting accountability throughout the organisation.