The Shareholders’ General Meeting appointed PricewaterhouseCoopers SA as the Bank’s company auditors in accordance with the Swiss Code of Obligations. This company also undertakes the specific brief of being the banking auditor. PricewaterhouseCoopers SA was first appointed company auditor for Banque Cantonale du Valais at the AGM held on 25 April 2002. Omar Grossi, Chartered Auditor, has acted as Lead Auditor since the 2016 financial year. In compliance with CO Article 730a, para. 2, pertaining to the standard audit process, the Lead Auditor may undertake this role for a maximum of seven years.
The external auditor provides the Board of Directors with a detailed report for each financial year containing findings relating to the drawing up of accounts, the internal control system and the implementation and results of the control. Every year, the Board of Directors evaluates the qualifications, independence and performance of the external auditor. It approves the fees relating to the mandates for the external auditor. The Audit Committee, which reports to the Board of Directors, monitors and assesses the efficiency of the external auditor. This committee cooperates with the relevant reviser with regard to the state of the internal control system and its adequacy vis-à-vis the Bank’s risk profile. The external auditor has access to the Audit Committee at all times.
During the financial year 2017, the external auditor took part in eight meetings of the Audit Committee. He participated in one meeting of the Board of Directors.
|Yves Roh||Responsable de l'Audit interne||0848 765 765||Detail|