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from their interpretation, maintaining smooth communication with the
organisation's heads of operations, and an updated accounting policies manual
notified to the units through those operated by the entity.
The Audit and Control Committee is the body charged with analysing, discussing and
presenting the most significant accounting policies and methods. In the Atresmedia
Group, these methods are mainly related with:
The consumption of rights and programmes
The registration of provisions for contingent liabilities
The assessment of financial investments
Furthermore, all the regulatory changes relating to accounting, auditing and corporate
risk management are communicated to the Audit and Control Committee by the Audit
and Processes Control Department and the Financial Department.
Both the external auditor and the Financial Department and the Internal Audit
Department maintain constant and smooth communication which enables any
accounting, tax or other novelty to be analysed which may have an impact on the
financial statements, as well as any potential doubts to be anticipated and dispelled
regarding accounting entries arising from the interpretation of accounting policies and
methods.
F.4.2.
Mechanisms to capture and prepare financial information with homogeneous
formats, applied and used by all the entity or group units, which support the main
financial statements and notes, as well as the information provided on the Internal
Control over Financial Reporting (ICFR) system.
The Atresmedia Group has at its disposal the mechanisms to capture and prepare its
financial information using homogeneous formats and applications, such as the SAP-
R3 and FRANGO applications that are used by all the units and subsidiaries of the
Group.
Furthermore, the different business units use management systems that are
integrated in SAP R3, in such a way that the dumping of information is performed via
interfaces and clearly defined processes; the necessary controls are in place and the
supervisory and review processes are carried out by the Group’s Financial
Department.
F.5
Supervision of the functioning of the system
Report highlighting its main characteristics regarding at least:
F.5.1.
The ICFR supervision activities performed by the Audit Committee, and whether the
entity has an internal audit function which includes among its competences that of
supporting the committee in its task of supervising the internal control system,
including the ICFR system. Likewise, information will be provided on the scope of the
evaluation of the ICFR system performed in the year and of the procedure whereby
the person in charge of executing the assessment notifies his/her results, if the entity
has an action plan detailing the possible remedial measures, and if their impact on
financial reporting has been considered.
The Audit and Control Committee is the body responsible for the supervision of the
policies and procedures, the preparation and integrity of the financial information, as
well as for the adequate definition of the consolidation scope and the correct
application of accounting principles.
The Internal Audit and Processes Control area has been delegated, among others, the
function of supervising the internal control model by the Audit and Control
Committee. This area carries out periodic reviews of business cycles at Group and
subsidiary level, and proposes corrective action plans that are communicated to the
Atresmedia Group's Senior Management and to the Audit and Control Committee.