What are our functions?
We safeguard Allianz’s reputation as a trusted financial services provider and promote, in partnership with
management and business, a culture of integrity and compliance by:
- Advising on business conduct that is lawful, ethical, and in the interest of our customers, shareholders, business partners and colleagues.
- Preventing & detecting violations of laws and regulations through identifying and managing compliance risk and
- Advocating Allianz’s compliance positions with regulators
Internal audit is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic,
disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
Simply, internal audit provides reasonable assurance to management that internal controls are in place, working as intended (i.e. effectively & efficiently) and adequate to mitigate the risks.