Monitoring and reporting system
The performance of (internal) audits forms an important link in process monitoring and contributes to improved (control of) processes. These audits are the final step in the internal control cycle and help management gain insight into the operation of the internal control system during a particular period.
Assurance certificates
Supplementary to the planning and control cycle, the Finance Department examines the internal controls of certain critical business processes of TenneT or its subsidiaries. It does this twice a year. Some of these business processes are certified by our external auditor. The conclusions are stated in assurance certificates on the quality of the relevant internal controls.
The Board of Management and the Supervisory Board are informed about the results of the internal audits on an annual basis.
TenneT holds the following certificates:
- assurance certificate for internal control regarding the processes for imbalance settlement and the deployment of regulating, reserve and emergency capacity
- assurance certificate for internal control regarding the processes for issuing and monitoring of certificates for electricity generated in an environment-friendly manner (CertiQ)
- SCC certificate (regarding the Safety, Health and Environment Checklist for Contractors)
