Examining Company accounts and audit procedures

The Total Group's Audit Committee performs various assignments, including:
• appointing Statutory Auditors and monitoring their control of Total's financial statements (audit and written report to the Board of Directors);
• examining the parent company's annual financial statements and the consolidated financial statements prior to their examination by the Board;
• supervising the implementation of internal control and risk management procedures;
• ensuring the effective application of these procedures with the assistance of the internal audit department;
• reviewing, if requested by the Board, major transactions contemplated by the Group.

The Audit Committee: composition and operations

The Audit Committee meets at least four times a year to examine the consolidated annual and quarterly financial statements.

It is made up of Marie-Christine Coisne-Roquette, Gérard Lamarche and Patricia Barbizet, appointed to serve as financial expert, who chairs the Committee.

The Committee has several prerogatives:
• It may meet with the Chairman of the Board and Chief Executive Officer and, if applicable, any executive vice-president of the Group.
• It may also perform inspections and consult with managers of operating or non-operating departments, as may be useful in carrying out its assignments.