PowerTel Audit & Compliance Committee Charter Purpose The Audit & Compliance Committee assists the Board in discharging its responsibility to exercise due care, diligence and skill in relation to the PowerTel Limited. The Committee acts as a link between the Board and the external and internal auditors. The Audit & Compliance Committee is primarily responsible for: • The selection, appointment and rotation of the company’s internal and external auditors; • Reviewing and assessing the internal and external auditor’s activities (including their respective audit plans), scope and independence; • Reviewing the integrity of the consolidated entity’s financial and external reporting (including the processes for supporting external reporting); • Reviewing all financial statements to be released publicly, including half yearly (unaudited) and full yearly (audited) and any prospectus or similar shareholder document. The Committee reports its findings to the Board prior to publication and release to the market. • Reviewing, assessing and monitoring the consolidated entity’s internal controls and risk management environment relating to accounting, financial and operating controls and the appropriateness and adequacy of accounting policies and practices; • Assessing the adequacy of risk management relating to corporate governance and maintaining appropriate controls against conflicts of interest and fraud; • Reviewing, assessing and monitoring the ...