Activity during the year During the year ended 31 March 2022, Audit Committee has reviewed the annual accounts for the year ended 31 March 2021 and recommended to Council that they be approved reviewed the structure and content of the Integrated Report • considered ACCA’s strategic risks and underlying risk management procedures reviewed the effectiveness of ACCA’s internal controls and noted the updates reviewed ACCA’s fraud/whistleblowing notifications • received reports from the external auditor reviewed the policy on auditors providing non-audit services received reports from the Corporate Assurance function, which included Information Security, and monitored progress with the implementation of the recommendations arising from those agreed the fees and terms of appointment of the external auditor and considered audit quality and effectiveness reviewed ACCA’s global procurement processes • reviewed the Committee’s own effectiveness and submitted an annual report on its performance to Nominating and Governance Committee met with both internal audit and the external auditor without management present received training on various subjects to enhance the Committee’s knowledge in respect of specific matters. Subsequent to the year-end, the Committee has recommended to the Council Board that it recommends to Council, that Council approves the annual accounts for the year ended 31 March 2022. The Committee has also considered that the Integrated Report and financial statements, taken as a whole, are fair, balanced and understandable and provide information necessary for members to assess ACCA’s performance, business model and strategy. The Committee will be concluding its recommendation on the appointment of auditors in advance of the AGM in November. Summary The Committee has fulfilled the responsibilities of its terms of reference throughout the year. Brendan Sheehan Chair of the Audit Committee 2 July 2022
Independent auditor’s report to the Council of the Association of Chartered Certified Accountants Opinion
