Audit and Risk Committee

Audit and Risk Committee Duties

The principal duties of the Audit and Risk Committee are to:

• Oversee the integrity of the Group’s financial statements and public announcements relating to financial performance.
• Hold the relationship with the external auditor, agree the audit fee and oversee the external audit process.
• Establish formal and transparent arrangements for considering how the Group should apply the corporate reporting, risk management and internal control principles.
• Oversee the internal audit process.
• Monitor the effectiveness of financial controls and the process for identifying and managing risk throughout the Group.
• Monitor the financial reporting process and submit recommendations.
• Monitor the statutory audit of the Annual Report and financial statements.
• Review and monitor the external auditor’s effectiveness, independence, quality, and the provision of additional services.
• Hold sessions with external auditor and internal auditor without management present.