The risk control and financial reporting control system and the Manager responsible for preparing the accounting documents

ENAV Group’s Internal Control Over Financial Reporting (ICFR), which is an integral part of the broader company ICRMS, seeks to ensure the goals of reliability, accuracy, fidelity and timeliness of financial reporting and any other form of financial information.
The structure of the Internal Control Over Financial Reporting (ICFR) is consistently defined with the “Internal Controls – Integrated Framework” model of the “Committee of Sponsoring Organizations of the Treadway Commission”, which is an international benchmark in relation to which each component of the ENAV internal control system is established, maintained and evaluated.

The responsibility for implementing and maintaining an appropriate ICFR is assigned to ENAV’s Financial Reporting Officer, in charge of preparing ENAV's corporate accounting documents, a figure governed by art. 154-bis of the T.U.F. and provided by art. 18-bis of the Articles of Association starting from 2007.

The principles and methodologies adopted by the Manager in charge in the exercise of his duties, as well as the responsibilities of the personnel involved in the maintenance and monitoring of the ICFR, are described in the "Guidelines for the evaluation of the ICFR ".
The establishment, maintenance and assessment of the ICFR are guaranteed through a structured process that includes the following phases:

• definition of the scope of intervention by identifying the relevant companies within the ICFR, the significant balance sheet items or considered "at risk" and the related processes that generate them (Scoping activities)
• analysis and assessment of the Group’s entity level controls (ELC - Entity level Control)
• process-level analysis and assessment of risks and controls 
• verification of the effective operation of key controls (Key Control) through the execution of a testing activity
• evaluation of any deficiencies identified, definition of a corrective action plan shared with the competent structures and updating of administrative and accounting procedures
• release of the certification on the separate and consolidated financial statements and on the half-year report by the Manager in charge in agreement with the Managing Director