The Audit department at ASN Bank operates independently and regularly assesses the design and effectiveness of governance, risk management, internal controls and bank processes. Guided by the Manifesto, the Audit department provides customer-focused and risk-based assurance, advice and insights to the Executive Committee (ExCo). The Audit Director reports directly to the Chief Executive Officer (CEO) and provides an independent opinion on processes. The Director also reports directly to the Chair of the SB’s Audit Committee. The Audit Charter is published on the intranet and ASN Bank’s corporate website.

Audit maintains close collaboration with the external auditor and the Audit Committee. In 2021, both the Audit Director and the external auditor attended all meetings of the SB’s Audit Committee.

At least once a year, a meeting is held with the external auditor, the Dutch Authority for the Financial Markets (AFM), De Nederlandsche Bank, and the European Central Bank. These meetings cover the risk analysis, audit plan and key findings.