Audit Committee Overview
BAE SYSTEMS
Audit Committee
-
External Audit
.
Refresh of Risk management process since 2018
•
Deloitte have now completed 2nd full annual audit cycle
•
Deepening maturity of Deloitte audit work through the year ending 31 December 2019 and into 2020
includes:
.
.
•
Business as usual programme of audit work, with structures reviews of Life Cycle Management, IT
controls, accounting practices
Supporting the transition to a new Group Finance Director and Director, Financial Control
Embedding relationship with Internal Audit to optimise audit efficiency and risk coverage
Debt, M&A, Pensions
•
Trends in Audit - Brydon Report, accounting standards
•
Risk culture - prudence, revenue recognition, goodwill, programme assurance
Audit Quality Review
.
Taking into account COVID-19
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