| ASSURANCE
• BASIS FOR ASSURANCE
Our activities and processes are subject to several stages of supervision and control, internal as well as external, that intent to secure the quality of our business management system.
As a state regulated Bolivian company, our regulator, the Hydrocarbon Superintendence, is in charge of supervising and controlling permanently our main activities. Our budget is approved and audited according to the established rules and our operating standards are validated according to the Bolivian regulations.
Our shareholders demand the highest quality standards and constantly supervise and control Transredes S.A. performance through several external audits that intend to guarantee that our operations are performed according to the highest international standards in quality, health, environment, safety and social.
Our internal audit department has been centralized in order to secure a better identification of opportunities that will help with the process of continuous improvement and guarantee the quality of our business management system. The findings of the internal audits and their follow up are presented before the Audit Committee, created under the framework of the Bonosol Law. The members of the Audit Committee are the appointed members of the shareholders and the staff. Our internal audit team plan their priorities based on risks in order to structure a five-year plan that includes the coordination of internal audits, special audits (requests from shareholders) and external audits.
In order to promote the transparency and reliability of the GRI performance indicators of Transredes S.A. we have established the following categories of indicators, according to the controls that are in place:
 External Financial Audits: This symbol appears next to the performance indicators that are part of our Audited Financial Statements. Our Financial Statements are subject to a financial external audit once a year, at the end of the fiscal period in December, and are published at our web page with open access to the notes and observations of our external auditor.
 Business Management System : This symbol appears next to the performance indicators are directly related to a document of the business management system (standard, procedure, manual, instruction or others). These documents are subject to internal and external audits from several sources, including certification agencies.
For more information about the control and reports of our regulator, please follow the link below (only available in Spanish).
Superintendencia de Hidrocarburos
|
