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LISI 2016 FINANCIAL REPORT
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customer requirements which are increasingly difficult, if not
impossible, to achieve.
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Security risks regarding assets on certain sites: flooding, fire
detection and fire prevention, for which relocation projects are
under study and or underway.
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Installations deemed critical for which prevention and security plans
must be initiated.
Fraud
The LISI Group is regularly the subject of attempted fraud, in the
majority by identity theft. The alert procedure established in 2013 is
still in force.
Profitability assessment of major investments
As part of the procedure for investment commitments described in
the internal audit manual, audits for measuring the achievement of
criteria (Payback and ROI) are routinely performed on a polling basis
within two years after the completion of major projects for the Group.
CONCLUSION
The Group finds the standard of internal audit appropriate to the size
and typology of the risks identified.
The Group is maintaining its objectives to:
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respond to the Group’s growth and quickly bring all Group entities
into line with the COS (Controlling Operating System) and audit
standards;
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raise the internal audit ratings of sites whose scores are below the
Group standard of 80%;
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deploy a risk-based approach via the software solution set up, and
harmonize its processes with all strategic and operational action
plans.
Gilles KOHLER
Chairman of the Board of Directors
Documents specific to the Shareholders General Meeting
8