2. Positioning and responsibilities of internal control within the organization

2.1 Guarantor of the "internal control" process

Internal control is a process. A process guarantor must be appointed to represent internal control. To perform their duties properly, internal controllers must be independent and impartial. Depending on the size of the company, the position of process guarantor representing internal control may be :

• or a full-time position reporting directly to management;

• be assigned on a part-time basis to a person who reports directly to management and, if possible, does not occupy one of the operational functions most likely to be audited.