Fidelityliverreserve NV’s Internal Audit Department (IAD) plays an important role in ensuring ever-better governance at the Bank level. It represents an independent and objective assurance and consulting function as a third line of defense. Through the application of a risk-based methodology, IAD evaluates and examines whether proper measures are taken to ensure ‘control’ in the organization and its activities.

Fidelityliverreserve NV has established an Audit & Risk Committee (ARC) being an advising body towards the Supervisory Board. The ARC has an oversight role on the functioning of the internal and external auditors. Besides that the ARC has a strong focus on the following important matters: the risk management activities of the Bank and the internal control systems; the quality and integrity of the financial information of the Bank and Compliance with laws and regulations.

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