Audit
Auditing is an independent activity that aims to evaluate and improve the effectiveness of processes, risk management, control and governance of the organization.
Aligned to the best Corporate Governance practices and legal determinations, Copel has a specific structure aimed at Internal Audit works and also with the external and independent evaluation of a company specialized in audit work – External Audit.
Internal Audit
Copel’s Internal Audit aims to develop, independently and objectively, the provision of assessment and consultancy services in order to add value and contribute to the achievement of corporate objectives, through the application of a systematic and disciplined approach, contributing to the improvement of effectiveness of processes, risk management, internal controls and corporate governance, assisting the decision-making process at the various hierarchical levels of the Company.
Article 30, VIII, of the Bylaws, defines as one of the responsibilities of the Board of Directors to approve the annual internal audit work plan with the support of the Statutory Audit Committee. Among the main responsibilities of Internal Audit are:
- develop and execute the Company’s Annual Audit Plan, covering the Copel corporation, its business units and holdings;
- perform audit work required by the Board of Directors, Statutory Audit Committee and Company Executive Officers;
- submitted to senior management and the Statutory Audit Committee and Board of Directors a risk-based audit plan for review and approval;
- monitor findings and corrective actions and periodically report to senior management and the Statutory Audit Committee all corrective actions not taken effectively;
- ensure that the principles of integrity, objectivity, confidentiality and competence are applied and complied with.
Until the transformation of Copel into a corporation and in accordance with the provisions of art. 13, item on the company’s website on a permanent and cumulative basis, since 2017, with the aim of providing transparency to the main activities carried out.
External Audit
The Company and its wholly-owned subsidiaries have an external and independent evaluation by a company specialized in audit work – External Audit.
The main activities of the Independent Auditor include examination of the individual and consolidated financial statements of the Company and the respective statements of income, comprehensive income, changes in equity and cash flows, as well as the corresponding explanatory notes, including the summary of the main financial statements. accounting policies.
When hiring the services of the Independent Auditor, Copel follows legal and regulatory determinations, such as the Brazilian Securities and Exchange Commission – CVM, Brazilian and international auditing standards, internal corporate governance standards and is supervised by the Statutory Audit Committee.
The work of the Independent Auditor aims to certify that the Company’s financial statements are free from material misstatement, regardless of whether caused by fraud or error.
