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The Consolidation Department carries out systematic controls of the consolidation packages submitted by the subsidiaries. A detailed schedule for reviewing the packages has been prepared and sent to the employees concerned.

In connection with their audit of the consolidated financial statements, the Statutory Auditors review the consolidation packages transmitted by the subsidiaries included in the scope of their audit. Corporate Internal Audit also reviews from time to time the proper application of Group accounting standards and policies by the subsidiaries, and reports to Group Finance any issues identified during the review.

The consolidated financial statements are examined by the Global Chief Financial Officer (also responsible for Group Information Systems) prior to their review by the Audit and Risks Committee in preparation for approval by the Board of Directors.

Corporate Internal Audit assignments

Corporate Internal Audit carries out its audit assignments based on an audit program validated by the Internal Control and Audit and Risks Committees. The main types of assignments, as described in the Internal Audit Charter, are as follows:

a operational audits, which are aimed at evaluating the reliability and effectiveness of the operating unit’s internal control systems as well as ensuring that they comply with Group standards. These audits mainly include checking on a regular basis that the internal control self-assessments have been properly performed by the operating units;

a head office audits (corporate functions), which are designed to optimize internal control procedures applied at the head office and ensure that the head office is able to fulfill its role of overseeing and supporting operating units as effectively as possible. When carrying out their assignments within the Group’s units, Corporate Internal Audit teams also verify that the main risks identified in the risk map are being monitored appropriately;

a organizational and procedural audits, which are aimed at helping the Divisions to optimize and adapt their procedures and operating process, notably when rolling out crossfunctional projects that lead to a change in organization structures;

a specific audits. Review assignments are referred to as specific audits when they comply with the professional standards applicable to internal auditors and fall within their remit. They can concern issues applicable to one or more operating units or to a particular country, function or process.

As part of their assignments, Internal Audit teams perform due diligence reviews to verify compliance with the anti-corruption principles and procedures specified in the Accor Management Ethics Guide.

Assignments performed by the local Internal Audit Departments

These departments perform Internal Audits, either on a standalone basis or jointly with Corporate Internal Audit, in line with the program approved by their Division’s Internal Control Committee. They also provide ongoing assistance to finance and operating departments in managing and monitoring internal control issues within their Division’s operating units. They use methods, tools (including scoring) and work programs that have been approved by Corporate Internal Audit due to their direct ties with this department.

In accordance with ethical principles, the local internal auditors do not audit head office or cross-functional departments, due to possible conflicts of interest arising from the fact that the auditors work in the Divisions.

Assignments performed by Group Information Systems Internal Audit

Reporting to Corporate Internal Audit, the Information Systems Internal Audit Department carries out assignments throughout the Group. The main types of audit are as follows:

a information systems audits, which are performed to ensure that best practices are applied in relation to the organization and monitoring of the audited units’ information systems;

a audits of applications and processes, which are aimed at ensuring that manual or automated checks in place provide an appropriate level of internal control in view of the operations covered by the applications concerned;

a project management audits, which are designed to validate the implementation of best project management practices;

a IT security audits, which help to ensure the security of the Group’s technological platforms. They are primarily performed by the Information Systems Security Department, which reports to Group Information Systems and Telecoms. In some cases they fall within the scope of assignments carried out by Information Systems Internal Audit.

Assignments performed by the Group Safety andSecurity Department and the Group Insurance and Hotel Risk Prevention Department

The Group Safety and Security Department and the Group Insurance and Hotel Risk Prevention Department also carry out audit assignments throughout the Group.