Audit committee
The Audit Committee’s most important task is to monitor the integrity of published financial information. To that end the audit committee focuses on supervising the Management Board regarding the operation of the internal risk management and control systems, including monitoring of compliance with the relevant legislation and regulations and the operation of the company’s own rules.
The Audit Committee assesses the financial statements prior to publication and discusses them with the Management Board and the auditors, and reports on the financial statements and the discussions to the Supervisory Board. The Audit Committee makes recommendations to the Supervisory Board regarding the appointment of the external auditors, the approval of the financial statements and the scope of the audit work, and holds separate discussions with the external auditors concerning their findings where this is considered desirable.
Source: Annual Report 2008, Chapter Corporate governance, page 126 (PDF, 72 kB)
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