RESPONSIBILITIES
HENRY STAUNTON
CHAIRMAN OF THE AUDIT COMMITTEE
- Advise the Board on external financial reporting matters including significant financial reporting issues and judgements and the Group’s accounting principles and policies, and any changes to them.
- Review the half year and annual financial statements prior to publication including related market announcements.
- Advise the Board on the effectiveness of the Group’s internal control environment and risk management systems.
- Consider and make recommendations to the Board on the appointment of external auditors.
- Monitor the relationship with the Group’s external auditors including audit expertise and effectiveness, terms of engagement, fees and their independence.
- Review the extent of non-audit services provided by the external auditors.
- Monitor the role and effectiveness of the Internal Audit function including resourcing, annual internal audit plans, key findings and management response.
The full terms of reference for the Committee can be found on our website.