Internal audit
Internal audit is an independent assessment of our systems and procedures that identifies how effective our internal systems and controls are and how well staff across the whole organisation comply with them. Each audit looks at our management of risks associated with a particular area of our business and makes recommendations on how management controls can be improved.
The service is provided to the whole Group by Grant Thornton LLP, a leading firm of Chartered Accountants and Business Advisors based in the City of London. Grant Thornton reports to the Head of Compliance on their work and also to the Group’s Audit Committee, an important sub-committee of the main Board. An Internal Audit Plan, along with a specified audit timetable is agreed by the Audit Committee each year.