The mission of the Internal Audit Service (hereinafter referred to as the IAS) is to preserve and increase the value of the Exchange by conducting objective internal audits based on risk-oriented approach, on providing recommendations and on sharing knowledge.

The IAS is governed by the legislation of the Republic of Kazakhstan and strives to build its activities in accordance with the International Standards for the Professional Practice of Internal Auditing recommended by the Global Institute of Internal Auditors.

In order to ensure the independence and objectivity of the internal audit, the IAS reports directly to the Board of Directors, the Audit Committee under it on a regular basis on its work.

The Service assesses the effectiveness of risk management system and internal controls in the area of corporate governance and the Exchange's operational activities relating to providing the following systems:
- the compliance of the Exchange's activities with the requirements of the laws of the Republic of Kazakhstan, the Charter, internal documents and resolutions of the Exchange's bodies;
- achievement of the Exchange’s strategic objectives;
- efficiency and effectiveness of the Exchange’s operations and its development plans;
- reliability and integrity of information on financial and economic activity of the Exchange;
- safeguarding of assets;
- quality operation of information systems, processes and procedures, the organizational chart of the Exchange, their compliance with applicable standards and best practices, the adequacy of the Exchange's resources to ensure its activities and achieve its goals;
- security of the Exchange's information assets.

According to the audit review plan approved by the Board of Directors, the IAS conducted audits within which recommendations were developed for audit participants to improve business processes, risk management and the control environment as a whole.

As a result of the audits, the Management Board of the Exchange reviews and approves relevant action plans aimed at implementing IAS’s recommendations.

In the reporting year, such plans were reviewed and approved based on the results of each of the IAS audits. The Management Board constantly monitored the completeness and timeliness of implementation of the plans, as well as prioritizing the planned tasks to make the most of KASE resources.

The IAS also continuously monitored the implementation of these plans and submitted relevant opinions to the Audit Committee and the Board of Directors.