About UTV

Auditor Independence & Objectivity

Auditor Independence and Objectivity

The Audit Committee has developed a policy to regularly monitor the non-audit services provided by its External Auditors and sets out the strict conditions that must be met for the provision of their services and lists the types of work that are allowable and that which is prohibited. This policy ensures that the Committee can satisfy itself that the independence and objectivity of the External Auditors has not been impaired.  The policy covers factors such as approval levels dependent on the type of work and the proposed fee, etc. All non-audit engagements must, as a minimum, be notified to the Audit Committee and may require their prior approval.  Details of the fees paid to the External Auditors, including fees for non-audit engagements are set out in a Note to the Financial Statements.

Annually, the Audit Committee performs a specific evaluation of the External Auditors performance with relevant Executive Directors through assessment and feedback. The Committee considers all aspects of the auditor’s performance including tenure and fees.

A copy of the policy can be downloaded here.