Instruksjoner

Classification: Open
2.1 Discuss and review with management and the external auditors: (a) critical accounting
policies and practices to be used by the company, and (b) alternative accounting
treatments.
2.2 Discuss and review with management and the external auditors significant financial
reporting issues, including complex or unusual transactions, fraud and the
appropriateness and acceptability of major assumptions, estimates and judgements, as
well as oil and gas reserves, made in connection with the preparation of the company’s
annual and quarterly financial statements.
2.3 Discuss with the company’s General Counsel and external auditors legal matters that
could have a material impact on the company’s annual and quarterly financial
statements or accounting policies.
2.4 Review and discuss with management and the external auditors the integrity of the
company’s financial statements, including its annual financial statements as presented
in the annual reports, its quarterly financial statements and other formal statements
relating to the company’s financial performance, including the financial content of and
disclosures to the financial statements and management’s discussion and analysis of
the financial information.
2.5 Review management’s assessment of the going concern assumption applied in the
preparation of the annual financial statements, considering the company’s current
position and risks.
2.6 Review the internal control over financial reporting, including management’s
assessment of the effectiveness of the company’s internal control over financial
reporting and related certification and attestation processes, monitor their effectiveness
and make such recommendations to the board as the committee considers desirable.
2.7 Having reviewed the content of the financial statements and related information
required by applicable law, regulations and listing requirements, to be disclosed
annually as part of the company’s required filing, inform and advise the board of the
committee’s view on (i) whether, taken as a whole, the content of the required
disclosures in the annual report and accounts is fair, balanced and consistent; (ii)
whether the application of the going concern assumption in preparing the financial
statement is reasonable; and (iii) whether to support and recommend the signing of the
relevant sections of the annual report.
3. External auditors
The committee shall:
3.1 Be responsible for preparing and making recommendations in relation to the
company’s appointment, re-appointment or removal and oversight of the work of the
external auditors, and support the board and the corporate assembly in their roles
related to the election of external auditors for Equinor ASA in the annual general
meeting.