The Internal Auditing department at KingJims Shipping operates as an independent entity, reporting directly to the Board of Directors. Under the guidance and supervision of the Board of Directors and the Board Audit Committee, the Internal Auditing department is entrusted with the crucial responsibility of conducting internal audits.
The primary objective of our Internal Audit function is to provide valuable assistance to the Board of Directors and management. This assistance comes in the form of scrutinizing and evaluating the effectiveness of our internal control systems. Our mission is to identify and address any deficiencies in these systems and, in doing so, enhance the efficiency of our operations. Our findings and recommendations for improvement are delivered in a timely manner to promote operational performance.
Our Auditing department consists of one Chief Internal Auditor, who is carefully selected and approved by the Board of Directors. Additionally, we employ a suitable number of full-time internal auditors to ensure comprehensive audit coverage.