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

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 Financial Statements Committee of

the Board of Directors is briefed concerning

accounting choices that have a material

impact, as discussed in paragraph [2.2.1] of the

“Corporate Governance” section above.

Following up and implementing the recommendations

of the Statutory Auditors in respect of

the Internal Control system is the responsibility of

the BNP Paribas Group Finance-Development

function. The heads of Finance departments

use the dedicated FACT application, which

facilitates the implementation of the Statutory

Auditors’ recommendations.




Financial reports are prepared for external publication

by the Investor Relations and Financial

Communications team, within the Group

Finance-Development function, for the purpose

of presenting the Group’s different activities,

explaining its financial results and providing

details of its development strategy to shareholders,

institutional investors, analysts and rating

agencies. The team, which reports to Executive

Management and the Chief Financial Officer,

devises the format in which financial information

is published by the BNP Paribas Group. The

team liaises with the core businesses and functions

when designing the presentation of the

Group’s results, strategic projects and special

presentations for external publication.

Due to the growing demands of investors and

the Group’s determination to be at the leading

edge of European corporate communications,

BNP Paribas has adopted a detailed

communications format designed to present

its results to the financial markets on a quarterly

basis. The Statutory Auditors are involved

in validating and reviewing the press releases

containing the quarterly, half-yearly and annual

financial results, before they are submitted to

the Financial Statements Committee and to the

Board of Directors.



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