The audit committee assist the board in fulfilling its responsibilities to oversee the financial reporting process, the internal control system, the audit process, and the organization’s process for monitoring compliance with law, regulations and ethics programs, along with management and the central auditors, the committee review the group’s financial statements upon completion of the annual accounts, and monitors the integrity and appropriateness of the financial statements. It also oversees the adequacy of the internal control systems, reviews the efectiveness of internal audit, and guides the selection, compensation, independence and performance of external auditors.