Banken for en verden i endring The bank for a ... - BNP Paribas

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Banken for en verden i endring The bank for a ... - BNP Paribas

• report of the Chairman

Internal Control procedures relating to the preparation

and processing of accounting and financial information

The information below concerning the Group’s

Internal Control system has been provided by

Executive Management. The Chief Executive

Officer is responsible for Internal Control systems

and procedures, and for all the statutory

information in the report on Internal Control.

ROLES ANd RESpONSIBILITIES

REGARdING ThE pREpARATION

ANd pROCESSING Of ACCOuNTING

ANd fINANCIAL INfORmATION

Acting under the authority of the Chief Executive

Officer, the Group Finance-Development function

is responsible for the preparation and processing

of accounting and financial information. Its

roles, as described in its Charter, include:

The production and distribution of high quality

financial statements;

The production and quality control of management

accounts, and providing all forecast quantitative

data needed for steering Group policy;

• Project management for the Group’s financial

information systems;

• Overseeing the Group’s financial optimisation;

• Ensuring that the Group’s financial position is

well presented to financial markets;

• Driving strategic thinking on Group

development.

The responsibilities of the Finance function are

carried out by the local Finance departments

within each entity, by core business Finance

teams and by the Group Finance-Development

function.

The production of accounting and financial data,

and controls designed to ensure their reliability,

are first handled by the Finance Department of

the accounting entity (1) which reports this information

to the core business then to the Group

and attests that they are reliable, based on the

internal certification procedure described below.

(1) “Accounting entity” refers to the parent company BNP Paribas as well as each of the consolidated subsidiaries and branches..

The core businesses/business lines then perform

further controls at their level on the financial

statements prepared by the accounting entities.

They enhance the quality of the reporting by

running appropriate reconciliations of accounting

and management data.

The Group Finance-Development function gathers

all the accounting and management information

produced by the accounting entities in line

with formalised reporting procedures validated

by the core businesses/business lines. It then

consolidates these data for use by Executive

Management or for external reporting to third

parties.

177

CORPORATE GOvERNANCE

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