Ubisoft 2012 Annual Report Download - page 182
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Governance and Internal control
2012
177
reviewed periodically to take into account the changes in the Company’s priorities and constraints,
especially for security matters.
The risk security and management team is responsible for ensuring and organizing the protection
of Ubisoft activities, whether in security applications, information systems, online games, local and
material resources, etc.
The team has established rules and control measures with the aim of preventing and managing
the risks associated with the various business activities of the Company. These internal
procedures are subject to constant checks and improvements.
1.8.2.5 ONGOING SUPERVISION OF THE INTERNAL CONTROL SYSTEM
To provide ongoing supervision of the internal control system and its operation, the Group has
introduced a biannual process for monitoring subsidiaries and key controls, together with the financial
control teams. The responses to the self-evaluation questionnaires updated during the first quarter of
the financial year 2010 served as a basis for work in 2010/2011.
Their goal is both to contribute to establishing and updating procedures and, above all, to help
managers to pinpoint the fundamental issues regarding the effectiveness of the processes and
controls in question. The introduction of an overall formalized approach to internal control thus allows:
o The quality of controls in subsidiaries to be understood, particularly by means of:
Evaluating the efficient utilization of resources (human, material or financial),
Justifying investments and expenditure,
Ensuring that activities carried out locally are in line with the strategy and guidelines of
the Group;
o Operational and financial practices to be improved by means of corrective and optimization
initiatives to remedy shortcomings;
o Effective monitoring of compliance with these procedures and controls.
Financial year 2010/2011 was marked by more targeted and significant actions bearing on the heart of
the Group’s activity:
Audit of procedures implemented in subsidiaries;
Support for subsidiaries by implementing tool training.
The objective is to make sure of the correct application of recommendations and guidelines
established during first half of the fiscal year 2010/2011 in line with the Group’s constraints.