Audit Committee

 

The members of the Audit Committee are Ian Robertson (Chairman), Trevor Gerber, Robert Seidler and Andrew Martin each of whom are independent, non-executive directors.

 

The Audit Committee’s responsibilities (outlined in its Charter) are to:

 

Assist the Board in discharging oversight responsibilities for financial activities of Valad, including the financial reporting process to ensure the balance, transparency and integrity of published financial information;

Review and assess the annual and half yearly reports;

Review the performance and continued independence of the external auditors; and  

Monitor Valad’s compliance with laws and regulations affecting financial reporting, including Valad’s compliance with Australian International Financial Reporting Standards (AIFRS).

 

The Audit Committee can, and does, meet with the external auditors without management being present.

 

A copy of the Audit Committee Charter is available on Valad’s website.

 

Valad’s current auditor is PricewaterhouseCoopers.The rotation of audit partners is consistent with good corporate governance principles, the requirements of the law and ASIC policy.