RULES OF PROCEDURE Committee meetings are held when needed. However, two meetings are considered appropriate to discuss the below mentioned items regarding audit issues: Planning meeting: The meeting will be held during October - December after the Annual General Meeting. The following is discussed: 1. Plan to implement the audit. 2. Audit agreement, including fees. 3. Guidelines for the assessment of the auditor’s independence, determination of authorised non-audit services and authorisation of a framework for this to the Executive Board. 4. New accounting standards, new legislation, new audit standards. 5. The company’s accounting policies in key areas and significant accounting estimates. 6. The need for internal audit. 7. Confirmation of the auditor’s independence. Statement of account meeting: In connection with the release of material to the Board of Directors, to be used for approval of the annual accounts, a meeting will be held discussing the following: 8. The company’s internal control system, including the auditor’s recommendations and proposals to improve the company’s risk management and internal control in relation to the financial reporting process. 9. The progress of the audit in relation to the audit plan and the audit agreement. 10. The financial reporting process, including accounting policies in key areas and significant accounting estimates. Approved at the Board meeting on 16 March 2017 egetæpper a/s • Industrivej Nord 25 • DK-7400 Herning • Tel. +45 97 11 88 11 • Fax: +45 97 11 95 80 • E-mail: ege@ege.dk • www.egecarpets.com
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