Internal control
Each business unit of Pöyry is obliged to submit to the Group Financial Department a monthly financial report consisting of
- Summary of key figures
- Written comments regarding budget deviations and changes of estimates
- Statement of income
- Balance sheet
- Cash flow
- Overdue accounts receivable with comments
- Work-in-progress exposure with comments
The financial report package includes information about the current month, year-to-date and full-year periods with budget deviations.
Full-year estimates are mandatory at the end of each quarter and in addition during other months if essential changes are expected.
Consolidated summary reports of the business areas, business groups and the Group are monitored in monthly meetings by the respective management level. In addition, the business group/area management performs company management audits during the year.
All project managers are required to prepare predicted final estimates (project to-date and estimate-to-complete figures) for the projects he/she is responsible for before the end of each quarter and in addition during other months if an essential change is expected. The project estimates are subject to audit according to Pöyry's Internal and External Auditing Policy. In addition, the business group/area management performs independent project audits for all major projects during the year according to the Quality Management instructions.
Pöyry has a standard minimum agenda for the Group, business group, business area and business unit level management meetings in order to ensure the internal control of the following matters:
1. Result and cash flow
2. Order intake, potential projects and activity level
3. Status report for major projects
4. Capital employed issues
5. Risk management issues
6. Personnel matters
7. Business development | 
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