Role of the committee
The role of the committee is to:
Terms of reference
The Committee reviewed its terms of reference during the year to incorporate the transfer of some responsibilities to the Compliance and Ethics Committee.
The Audit Committee met four times during 2017, and assisted the Board in the effective discharge of its responsibilities for financial reporting and internal control.
The Committee’s primary focus has been on the integrity of our financial reporting, related risk management and internal control activities.
In addition, the Committee considered the full year results, the 2017 Annual Report and Accounts and the Group’s framework of controls comprising financial, operational and compliance controls. A list of the principal matters considered during the year is available in the Audit Committee Report, and is also shown below.
Read René Médori’s 2017 Audit Committee Report.
The Committee considers the Annual Report and Accounts to be fair, balanced and understandable.