New Delhi (13.05.2025): Fortifying its internal audit function through key leadership Power Finance Corporation (PFC) appointed D. V. Subba Rao as Head of Internal Audit for a period of three years or until the date of his superannuation, whichever is earlier. Currently, he is the Executive Director, Power Finance Corporation.
The internal audit plays a crucially important role as the third line of defence in risk management. Recognizing the critical importance of the function within the organization PFC’s Board of Directors approved the elevation of the internal audit function to be headed by an executive one level below the Board, which was earlier headed by an executive two level below the Board.
PFC’s decision, on Rao's appointment to the key position, aims at ensuring global best practices in corporate governance, strengthening of internal audit function, enhancing the effectiveness of internal controls, risk management, and governance processes.
New Delhi (13.05.2025): Fortifying its internal audit function through key leadership Power Finance Corporation (PFC) appointed D. V. Subba Rao as Head of Internal Audit for a period of three years or until the date of his superannuation, whichever is earlier. Currently, he is the Executive Director, Power Finance Corporation.
The internal audit plays a crucially important role as the third line of defence in risk management. Recognizing the critical importance of the function within the organization PFC’s Board of Directors approved the elevation of the internal audit function to be headed by an executive one level below the Board, which was earlier headed by an executive two level below the Board.
PFC’s decision, on Rao's appointment to the key position, aims at ensuring global best practices in corporate governance, strengthening of internal audit function, enhancing the effectiveness of internal controls, risk management, and governance processes.
