The Audit Committee

Total's Audit Committee ensures effective internal control and reliable financial information to shareholders and financial markets.

Reviewing Accounts and Control Procedures

The Committee has various responsabilities that include:

  • Appointing statutory auditors and monitoring their work (oral presentations and written report to the Board of Directors).
  • Examining the parent company's financial statements and consolidated financial statements before they are reviewed by the Board of Directors.
  • Monitoring the implementation of internal control and risk management procedures.
  • Auditing the effectiveness of such procedures, with the help of the internal audit department.
  • At the Board of Directors' request, reviewing major transactions being considered by Total.
  • Implementing and monitoring compliance with the Financial Code of Ethics.
  • Implementing and monitoring a whistleblowing process concerning accounting, internal control and audit issues. The process is available to employees, shareholders and third parties.
  • Where applicable, reviewing major transactions that might have given rise to a conflict of interest.
  • Reviewing the procedure for booking Total's proved reserves.

Members and Procedures

The Audit Committee meets at least seven times a year:

  • Quarterly, to review Total S.A.'s financial statements and the annual and quarterly consolidated financial statements.
  • Another three times a year or more, to take up matters not directly related to the review of quarterly financial statements.

As of  May 24, 2016, the Audit Committee is composed of:

  • Marie-Christine Coisne-Roquette, Chairwoman,
  • Patrick Artus,
  • Gérard Lamarche.

The Audit Committee a number of prerogatives:

  • It may consult the Chairman of the Board of Directors or any senior executive, as applicable.
  • It may visit or consult business or functional unit managers if doing so would help it carry out its responsibilities.
  • It may consult with anyone involved in preparing or auditing financial statements — Chief Financial Officer and the principal Finance, Audit and Legal Affairs managers — by asking the Company's Chief Financial Officer to notify them of a meeting.
  • At least once a year, the statutory auditors make a formal presentation to the Audit Committee, with no Company representative present. 
  • Ethics Focuses

  • Financial Calendar

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    Our financial events are listed and classified in chronological order.

    View the Calendar