Page 47 - Beeks Financial Cloud Group Annual Report 2021

Beeks Financial Cloud Group PLC
Report of the Audit Committee For the year ended 30 June 2021

INDEPENDENCE AND OBJECTIVITY REPORTING RESPONSIBILITIES
OF THE AUDITOR The Committee makes whatever
The Committee continues to recommendations to the Board it
monitor the work of the Auditor deems appropriate on any area
to ensure that the Auditor’s within its remit where action or
objectivity and independence is improvement is required. The
not compromised by it undertaking Committee ensures that it gives
inappropriate non-audit work. The due consideration to laws and
current Auditor, Grant Thornton UK regulations, the provisions of the
LLP, was appointed Auditor on 6 Combined Code, the requirements GOVERNANCE
November 2017. of the UK Listing Authority’s Listing
Rules, Prospectus and Disclosure
NON-AUDIT FEES and Transparency Rules and
The Committee approves all any other applicable rules as
non-audit work commissioned from appropriate. The Committee also
the external auditors. During the year oversees any investigation of
the fees paid to the Auditor were activities which are within its terms
£65,000 for Group and subsidiary of reference. The Audit Committee
audit and £4,500 for the interim operates within agreed terms of
audit services. reference in accordance with
The Group’s Financial Position
OTHER MATTERS and Prospects.
The Committee is authorised to
seek any information it requires
from any Group employee in
order to perform its duties. The
Committee can obtain, at The
Group’s expense, outside legal or
other professional advice on any
matters within its terms of reference.

The Committee may call any
member of staff to be questioned MARK CUBITT
at a meeting of the Committee as Chairman of the Audit Committee
and when required. 24 September 2021

45