Company: BBVXF
Filing Date: 2025-02-14
Form Type: 6-K
Source: 0001193125-25-027348
Chunk: 155

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-14
Form: 6-K
Chunk 155
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 OF RISK MANAGEMENT AND CONTROL OVER FINANCIAL REPORTING (ICFR) F.1. The entity’s control environment. F.1.1 Which bodies and/or functions are responsible for: (i) the existence and maintenance of an adequate and effective ICFR system; (ii) its implementation; and (iii) its supervision. Section 14.1 Preparation and monitoring of fi nancial information F.1.2 If they exist, especially in relation to the process of preparing fi nancial information, the following elements: Departments and/or mechanisms in charge of: (i) designing and reviewing the organisational structure; (ii) clearly defi ning lines of responsibility and authority, with an adequate distribution of tasks and functions; and (iii) ensuring that suffi cient procedures exist to properly disseminate them within the entity. Code of Conduct, the body approving this, degree of dissemination and instruction, principles and values covered (indicating whether there is specifi c mention of record keeping and preparation of fi nancial information), body responsible for analyzing non-complianceand proposing corrective actions and sanctions. Whistleblower channel allowing notifi cations to the Audit Committee of irregularities of a fi nancial and accounting nature, in addition to potential breaches of the code of conduct and unlawful activities undertaken in the organisation, indicating whether this channel is confi dential and whether anonymous notifi cations can be made, protecting the rights of the whistleblower and the person reported. Periodic training and refresher courses for employees involved in preparing and revising fi nancial information and in assessing ICFR, covering at least accounting standards, auditing, internal control and risk management. Section 14.1 Preparation and monitoring of fi nancial information and Section 14.6 Additional control mechanisms F.2. Financial reporting risk assessment. F.2.1 The key features of the risk identifi cation process, including error and fraud risks, with respect to: â–° Whether the process exists and is documented â–° Whether the process covers all of the objectives of fi nancial reporting (existence and occurrence; completeness; valuation; presentation, breakdown and comparability; and rights and obligations), whether the information is updated and how frequently. â–° The existence of a process for identifying the consolidation perimeter, taking into account aspects including the possible existence of complex corporate structures, instrumental entities or special purpose vehicles. â–° Whether the process takes into account the effects of other types of risks (operational, technological, fi nancial