2019 Integrated Report

98 | PPS INTEGRATED REPORT 2019 EXTERNAL AUDITORS PwC served as the PPS Group’s external auditors for the 2019 financial year. The auditors’ terms of engagement were approved prior to the audit. The Committees satisfied themselves that the external auditors’ appointment complies with the Companies Act and in particular Section 90(2) thereof, as well as the Auditing Profession Act. The Committees are satisfied that both PwC and the audit partner are independent. The external auditors provided assurance that their internal governance processes within their audit firm support and demonstrate their claim to independence. The GAC was comfortable that non-audit services work was justified and necessary and that it did not give rise to any self-review threat for the external auditors. EXPERTISE AND EXPERIENCE OF THE FINANCIAL DIRECTOR AND THE FINANCE TEAM The Committees are satisfied that the expertise and experience of the Chief Financial Officer are appropriate to meet the responsibilities of the position. The Committees considered the expertise, resources and experience of the PPS Group’s finance function and concluded that these are appropriate to meet the requirements of the PPS Group. APPROVAL OF THE REPORT The TAC and GAC confirm for the 2019 financial year that they have functioned in accordance with their Terms of Reference and as required by the Companies Act and Trust Deed of PPS Holdings Trust and that their reports have been approved by the directors and trustees. On behalf of the Audit Committees: Ms D L T Dondur Prof H E Wainer Chairman of TAC Chairman of GAC 6 April 2020 AUDIT COMMITTEES’ REPORT (CONTINUED)