Procedure for Selecting External Auditors
Procedures for Selection/Appointment of External Auditor and Rotation of Audit Partner
The Board is responsible for appointing the external auditor of Healthscope, subject to confirmation by shareholders at the Company’s Annual General Meeting.
The Audit, Risk and Compliance Committee has been delegated responsibility for implementing a selection process and making a recommendation to the Board based on their assessment of the responses received from potential external auditors. In making any recommendation, the Audit and Risk Committee will consider involving certain senior executives to comment on the responses received.
The assessment of responses from potential external auditors takes into account a number of key criteria, including audit approach and methodology, internal governance processes, global resources, key personnel, potential conflicts of interest and cost.
Once the review process has taken place the Audit and Risk Committee provides the Board with information concerning the process adopted in undertaking the review, the recommended external auditor and the reasons for final recommendation.
Rotation
The Audit Committee will ensure that the external auditor Partner is rotated on at least a 5 yearly basis.
Last reviewed: 27 July 2007