Policies

Barclays Risk Management Strategy

Read about Barclays Risk Management Strategy in an online extract from the 2010 Annual Report. Follow the related link on this page for details.

Barclays Policy on the Provision of Services by our Statutory Auditor

Read a summary of our Policy on the Provision of Services by Barclays Statutory Auditor below.  

External auditor objectivity and independence:  Non-Audit Services

Our policy on the provision of services by the Group’s statutory Auditor sets out the circumstances in which the auditor may be permitted to undertake non-audit work for the Group. 

The Board Audit Committee oversees compliance with the Policy and considers and, if appropriate, approves requests to use the Auditor for non-audit work.  Allowable services are pre approved up to £100,000 or £25,000 in the case of certain taxation services.  The Company Secretary and his team deal with day to day administration of the policy, facilitating requests for approval. 

Details of the services that are prohibited and allowed are set out below:

Services that are prohibited include:

• bookkeeping
• design and implementation of financial information systems
• appraisal or valuation services
• actuarial services
• internal audit outsourcing
• management and Human Resources functions
• broker or dealer, investment advisor or investment banking services
• legal, expert and tax services involving advocacy.

Allowable services that the Board Audit Committee considers for approval include:

• statutory and regulatory audit services and regulatory non-audit services
• other attest and assurance services
• accountancy advice and training
• risk management and controls advice
• transaction support
• taxation services
• business support and recoveries
• translation services.