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security corporate policy exists which guarantees secure access to the management and
reporting systems and monitors any error and/or problem that may appear.
Likewise, a policy involving profiles and the unbundling of functions has been defined,
which is periodically reviewed by the Systems Division, the Financial Division and the
Internal Audit Division.
F.3.3.
Internal control policies and procedures in place to supervise the management of
activities subcontracted to third parties, and to monitor the evaluation, calculation and
valuation activities of independent experts, which may have a material effect on the
financial statements.
The Atresmedia Group has defined a procedure to acquire goods and services, and a
Purchase Committee, which regulates the arrangement of services with third parties.
These controls ensure that independence exists with regard to the supplier hired and that
the service is arranged at market prices.
Similarly, the Atresmedia Group has internal control policies and procedures in place to
supervise the management of the activities subcontracted to third parties, and to monitor
the evaluation, calculation and appraisal matters entrusted to independent experts, which
may have a material effect on the financial statements.
F.4
Information and communication
Report highlighting their main characteristics, if they have at least:
F.4.1.
A specific function charged with defining, keeping accounting policies up to date
(accounting policies area or department) and resolving doubts or conflicts arising 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 Process Control Division and the Financial Division.
Both the external auditor and the Financial Division and the Internal Audit Division
maintain constant and smooth communication that enables any accounting, tax or other
novelty to be analysed that 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
(Accounting) and FRANGO (Consolidation) 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 Division.
F.5
Supervision of the functioning of the system
Report highlighting its main characteristics regarding at least: