This certification gives credit to the company for its excellent tools for continuous improvement of internal control
MAPFRE has obtained the global quality certificate from the Institute of Internal Auditors of Spain for successfully meeting the International Standards for the Professional Practice of Internal Auditing. This certification gives credit to the company for its excellent tools for continuous improvement of internal control.
Every five years the company’s Internal Audit Corporate Area is subjected to an evaluation that requires standards to have a program to ensure quality and be evaluated by an independent third party. In this process, MAPFRE achieved the highest designation available from the Global Institute of Internal Auditors of Spain following the methodology of the Global Institute of Internal Auditors, which is assigned when the activity has a status, objectives, policies and procedures that follow and comply with the provisions of the standards.
The actions conducted by MAPFRE has enabled continuous improvement of both the professional image and reputation of the internal audit teams. It has also been able to raise the degree of automation and design of audit tools and the commitment assumed by the company to the training of internal auditors has grown noticeably.