| TRANSPARENCY REPORT
77
LEGAL STRUCTURE, OWNERSHIP AND GOVERNANCE
● to ensure that any material weaknesses
which are identified with regards to
quality are addressed, in particular any
threats to the firm's independence
as auditors;
● to review people management policies
and procedures, including remuneration
and incentive structures;
● to be involved in the review of the
effectiveness of the firm's system of
internal control and reduce the risk of
the firm's failure; and
● to consider the broad reputation
of the firm across all aspects of
its business.
We believe that the PIC's existence and
performance of duties clearly demonstrates
our commitment to the Audit Firm Governance
Code, FRC Ethical Standard and our pursuit of
excellence in the delivery of Audit Quality.