The Group Audit Committee is made up of four of our independent non-executive directors:
The Group Audit Committee assists our Board with:
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external financial reporting
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the effective running of our Group Internal Audit function (GIA)
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the independence of our external auditors and effectiveness of the external audit process
The Committee meets with Richard Rowney, our Chief Executive Officer (CEO) and senior management at least three times a year. Regular attendees include the Group Finance Director, the Internal Audit Director, External Auditors and the Chief Risk Officer.
The Committee reviews and makes recommendations on:
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our Annual Report and Accounts, including whether these are fair, balanced and understandable
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the approval and independence of our external auditors
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financial announcements and information released to the London Stock Exchange
The Committee is supported by Group Internal Audit (GIA), who are responsible for independently checking that our risk management and internal control systems are effective.
The GIA function takes its authority from the Group Audit Committee through the Committee’s approval of GIA’s Charter and Annual Plan.
