Indra obtains quality certification of its internal audit, in accordance with the best international practices of IIA Global

Indra, one of the leading global technology and consultancy companies, has obtained the QA (Quality Assessment) certification for its Internal Audit activity, which confirms that Indra complies with the “International Standards for the Professional Practice of Internal Auditing”, issued by The Institute of Internal Auditors”–US (IIA Global).

Indra has achieved the highest qualification, “Generally complies with the Regulations of the Code of Ethics of the IIA”, after an exhaustive audit carried out by an independent third party. This result shows that the regulations and procedures of Indra’s internal audit practices are in line with the best international practices of IIA Global, which are acknowledged and accepted by the most important international organizations, such as the OECD, the IMF and the World Bank.

The Institute of Internal Auditors (IIA) is an international professional association with more than 200,000 members in over 170 countries, which has positioned itself as the world leader in matters such as auditing, best practice guides, certification, education, research and development, as well as guidance related to the internal audit profession.

Achieving its QA certification for Internal Audit means an acknowledgment of Indra’s commitment to transparency, constant improvement, professionalism in the Audit role and making an effort to adopt the best corporate governance practices.

Risk Management System

In addition to the QA certification for its Internal Audit, Indra has a certified Risk Control and Management System. Indra has recently become the first Ibex 35 company to obtain the Risk Management certification to the ISO 31000 standards, which confirm that Indra’s system complies with the principles and best practices in this area.

The Internal Audit department plays a fundamental role in ensuring the proper functioning of Indra’s Risk Management Model, which also ensures its sustainability and the achievement of the company’s objectives. It is a Three Lines of Defense Model, which comprises the operational management of the executive team and of all the professionals, Indra’s Internal Control and Risk Management system, the Compliance Unit and the Internal Audit department.

Indra’s Risk Control and Management System is constantly updated to the most stringent national and international standards, and its internal elements and internal regulations are continuously adapted to Indra’s corporate processes and business areas.

Commitment to Good Governance and sustainability

Since 2015, Indra has focused on improving its corporate governance and regulatory compliance. The company has succeeded in significantly improving its Good Governance score on the Dow Jones Sustainability Index (DJSI) World, where it has been listed for 14 years. Likewise, it has obtained the highest score in corporate governance and anti-corruption in the latest edition of the FTSE4Good Sustainability Index.

The company has also been included as one of the world's leading sustainability companies in “The Sustainability Yearbook 2020”, the most important annual report on sustainability worldwide, which commends Indra as one of the best-positioned companies in the sector in terms of facing the economic, social and environmental challenges that will arise in the future.

About Indra

Indra (www.indracompany.com) is one of the leading global technology and consulting companies and the technological partner for core business operations of its customers world-wide. It is a world-leader in providing proprietary solutions in specific segments in Transport and Defence markets, and a leading firm in Digital Transformation Consultancy and Information Technologies in Spain and Latin America through its affiliate Minsait. Its business model is based on a comprehensive range of proprietary products, with a high-value focus and with a high innovation component. In the 2019 financial year, Indra achieved revenue of €3,204 billion, with more than 49,000 employees, a local presence in 46 countries and business operations in over 140 countries.