The Audit Committee, which is chaired by Michael Jackson, comprises the non-executive Directors, Paul Barry-Walsh and the executive directors by invitation. The Committee provides a forum for reporting by the Group’s external auditors.
The audit committee is responsible for reviewing a wide range of financial matters including the half yearly and annual accounts before their submission to the Board, and monitoring the controls that are in force to ensure the integrity of the financial information reported to the shareholders. The Audit Committee advises the Board on the appointment of external auditors and on their remuneration both for audit and non-audit work, and discusses the nature and scope of the audit with the external auditors.