Last week, the various company Boards signed off all of the FY14 Statutory accounts without issue.
The consistent theme notes by directors across all was:
• the timeliness of the accounts to the board ahead of the meetings,
• the quality and accuracy of the accounts
• the detailed analytics provided to the Boards to support the accounts
• noted thanks to the Finance team for the hard work and efforts.
For AGPL, there is now a more formal audit committee than has existed in the past, with an appointed and experienced audit chairman who is one of Aurecon’s non-executive directors. This takes the audit committee approach and review of accounts to a more leading public practice environment. With the addition of the increased number and complexity of accounting standards that we need to comply with, coupled with the growing size and complexity of the Aurecon Global group, the year-end process for our Global Finance team is significant. Our main 3 sets of accounts are all between 80 and 100 pages long (we are working to reduce this as best we can), and the work to complete year-end goes for 6 months, starting with year-end planning in March.
Thank-you to you all for you significant hard work, teamwork and commitment to achieve the great result that we have achieved this year. There is no better recognition for our work than the high praise received by our directors, and our external auditors.
Well done to everyone on this very pleasing outcome.