Monitoring our financial integrity

The Audit Committee is mainly responsible for reviewing and monitoring the integrity of our financial reporting, reviewing our internal control and risk management systems, monitoring the effectiveness of our internal audit function, and for overseeing our relationship with the external auditor. 

Audit Committee members

The committee comprises:

• Simon Heale – Chairman
• Clinton Dines
• Charles Watson

Roles and responsibilities

The committee's roles and responsibilities include:

• monitoring the integrity of our annual and half-yearly financial statements, interim management statements, and any other formal announcement relating to financial performance
• reviewing our internal financial controls, internal controls and risk management systems
• monitoring the role and effectiveness of the internal audit function
• establishing and overseeing our relationship with the external auditor, including monitoring their independence and expertise, the terms of reference of their engagement and fees, and assessing the effectiveness of the audit process
• agreeing the scope of the external auditor’s annual audit programme and reviewing the output
• considering and recommending appointments and re-appointments of the external auditor to the Board of Directors
• reviewing annually the Audit Committee’s own performance, constitution and terms of reference.

Downloads:

• Audit committee terms of reference.pdf (96.6 KB)