Report Audit 2004

2004 Report of the Audit and ComplianceCommitteeAnnual Report 200422004 Report of the Audit and Compliance Committee I. Introduction 3II. Activity during 2004 41. Financial information 42. The Auditor 53. The Group's internal control systems 64. Internal auditing 75. Compliance and the prevention of money-laundering 76. Corporate governance 77. Measures proposed by supervisors 88. Informing the Board and Shareholders' Meeting. Evaluation session. 8III. Conclusion 8Appendix 9Annual Report 200432004 Report of the Audit andCompliance CommitteeI. Introduction - Propose to the Board the appointment of the Auditor,the conditions of its contract, the scope of itsThe Bank's Audit and Compliance Committee was professional mandate and, where appropriate, revokeestablished in 1986 as the Audit Committee, and since or renew the appointment, always ensuring thethen has evolved considerably in its tasks and the way Auditor’s independence and paying attention to thoseit operates. Within the Board, and in line with the circumstances or issues that could put it at risk andrecommendations of the Olivencia and Aldama reports, any other matters related to auditing procedures.this Committee carries out activities that mainly consistof evaluating the information and accounting To perform these tasks, the Audit and Complianceverification systems, ensuring the independence of the Committee supervises the Internal Auditing services,Auditor* and reviewing the ...