Internal Audit Handbook（2007）A5-Organizational Structure of GIAS.pdfVIP

4 Organizational Structure of GIAS 4.1 Organizational Status within SAP Key POI ntS ••• • At SAP, Internal Audit is a staff department that reports directly to the CEO. • It is crucial that the organization of Internal Audit at SAP reflect the requirements associated with the global responsibilities that the Executive Board bears. • The combination of global responsibility and regional structure enables Internal Audit to flexibly carry out a wide variety of tasks. • At the same time, this approach creates additional opportunities to use Internal Audit’s existing global know-how. GIASGIAS asas CorporateCorporate AuditAudit SAP AG is a German corporation under the two-tier Board structure as laid out in the German Stock Corporation Act. SAP AG therefore has an Executive Board with managing directors and a Supervisory Board, which oversees the Executive Board and which consists of shareholder representatives and employee representatives. SAP’s Internal Audit is a corporate governance instrument and a staff department the head of which reports directly to the CEO. As a corporate department, it per- forms services for all business units and regions of the entire SAP Group. This re- sults in a number of requirements in terms of processes and organization. GlobalGlobal AssuranceAssurance GIAS is a mana