In accordance with the Swedish Companies Act, the Board of Directors (the Board) is responsible for internal controls. Internal controls over financial reporting within OncoZenge are designed to achieve a high level of reliability in external reporting. Within OncoZenge, internal controls of financial reporting are, for example, focused on ensuring appropriate and reliable accounting of revenues and expenditure, other revenue recognition plus accounting for OncoZenge's financing.
The control environment within OncoZenge is the framework for the direction and culture that the company's Board and management communicate within the organization. Internal controls and control in accordance within the established framework is a priority area in the execution of management’s work. OncoZenge’s Board and management define and design decision-making direction, powers and responsibilities that are clearly defined and communicated within the organization. The Company's Board also strive to ensure that governing documents such as internal policies and guidelines cover identified essential areas and that these provide the right guidance for the work of various executives within OncoZenge.