| The Group risk matrix |
Updated twice a year by the Executive Committee and Internal Audit Department |
A framework of transaction and entity level controls to prevent and detect material error
and loss |
Reviews undertaken by the Internal Audit Department |
| A documented structure of delegated authorities and approvals for transaction and investment decisions, including any with related parties |
Monitored and reviewed by the Internal Audit Department |
| Operating policies and procedures |
Annual written representations obtained from operational and functional management |
| A budget with periodic reporting |
Review process performed by the Executive Committee |
| Controls and procedures set out in the Company's Accounting Policies and Procedures Manual |
Monitored and reviewed by the Internal Audit Committee |
| A programme of internal audit reviews conducted by the Group's Internal Audit Department |
Reports preparred by the Internal Audit Department are discussed with management prior to finalisation and reviewed by the Audit Committee |