Instruksjoner

Classification: Open
4.2 Review and assess management’s response to significant internal audit findings and
notable control weaknesses, including potential improvements and agreed actions.
4.3 Review and discuss the quarterly reports from COA covering: the status of the audit
plan; any proposals for changes to the audit plan; the specifics of any material findings
in any audits; the status of closing of actions related to material findings in any audit;
an overview of ongoing investigations related to undesirable incidents; and a report on
ongoing investigations related to fraud and corruption.
4.4 Review, assess and approve the semi-annual risk-based internal audit plan.
4.5 Annually consider the result of the internal audit function’s internal audit quality
assurance and improvement programme, including the standards employed by the
internal audit function, and the efficiency and effectiveness of the internal audit
function.
4.6 Approve COA’s level of resources and the cost level for the unit.
4.7 Approve COA’s mandate and job instruction for the CAE.
4.8 Approve major employment decisions related to the CAE, including decisions related to
the appointment or dismissal of the CAE. (Remuneration issues are dealt with by the
board’s compensation committee).
4.9 Hold regular meetings with the CAE, at which other management representatives are
not present.
4.10 Oversee that an external quality assessment (EQA) of COA is carried out according to
the International Internal Audit Standards at regular intervals (at least every five years).
4.11 Advise the board of any recommendations for the continuous improvement of the
internal audit activity.
The CAE shall have direct access to the CEO, the chair of the board, the committee chair and
the committee as a whole, and any member of the committee shall also have direct access to
the CAE.
5. Business integrity, complaints, litigations and investigations
The committee shall:
5.1 Establish and monitor procedures for handling all complaints and submissions relating
to the Equinor group’s accounting, internal control and auditing matters.
5.2 Review and monitor that employees can send confidential and anonymous
submissions via the Ethics Helpline about matters relating to accounting and auditing
matters, as well as other matters regarded as being in breach of the Code of Conduct
or statutory provisions, and that the company has procedures in place for proper
involvement of the committee on relevant submissions.