- Responsibility for Internal Control
At its meeting on 18 July 2008, the Audit and Accounts Committee decided to appoint the Chief Financial Controller of PWREF 1 Holding Sàrl as head of Group internal control, on a permanent basis.
She performed her first duties in November/December 2008, which resulted in the production of the "Accounting Procedures and Internal Control Guide".
The Guide, which was drawn up in collaboration with the statutory auditors, describes the main procedures applicable to :
- the preparation and processing of accounting and financial information and,
- the identification and management of risks within the Group.
This document is updated regularly and used as a basis for carrying out permanent and on-site controls, the latter being reviewed on an annual basis by the Audit Committee and the Board of Directors.