The Audit Committee is responsible for assisting the Board in discharging its responsibilities in relation to the disclosure of the financial affairs of the Group. The Committee focuses in particular on compliance with accounting policies and ensuring that an effective system of internal financial control is maintained. The ultimate responsibility for reviewing and approving the annual report and accounts and the half-yearly reports, remains with the Board.
The Audit Committee operates under delegated authority from the Board and its terms of reference can be found here.
The Group Audit team Audit Charter, which reports to the Audit Committee, can be found here.