The objective of Incap Corporation’s internal control and risk management is to ensure that the company operates efficiently and profitably, that the information is reliable and that the regulations and operating principles are observed. The objective is further to identify, evaluate and follow-up the risks related to the company’s business.
The Board of Directors at Incap Corporation is responsible for determining operating principles for internal control, as well as for monitoring the efficiency of instructions and control. Internal control at Incap is implemented at different levels of the company by the Board of Directors, the management and Incap’s personnel.
Internal control relating to the financial reporting process is a part of the Group’s internal control system. The consolidated financial statement of Incap is prepared in accordance with the international financial reporting standards approved by the European Union. The financial statement includes also the additional information required by the Finnish Accounting Standards and Companies Act. The financial statement of the parent company is prepared in accordance with the Finnish Accounting Standards.