Audit Committee

Committee members

Role and responsibilities

The primary role of the Audit Committee is to assist the Board in fulfilling its oversight responsibilities with regard to financial reporting, risk management and internal controls procedures and the work of its internal audit function and external auditors.

The Committee’s main duties and responsibilities in advising the Board include the following:

• Overseeing the process for selecting the external auditor, assessing the continuing independence of the external auditor and recommending approval of the audit fee to the Board;
• Ensuring that provision of non-audit services does not impair the external auditor's independence or objectivity. 
• Liaising with the external auditor on matters relating to the nature and scope of the audit and any issues or concerns arising from the audit process;
• Reviewing the effectiveness of the Company’s internal control and risk management systems, including fraud prevention and operation of the Company's whistleblowing policy.
• Supervising the planning of activities under the internal audit programme and reviewing the major findings identified from internal audit investigations. 
• Reviewing the half-year and annual financial statements including accounting policies, key accounting and auditing issues, significant financial judgements and the financial control environment.