The duties of the audit committee include maintaining continuous contact with StatoilHydro’s elected auditor concerning the auditing of the company’s accounts.
The committee also supervises the implementation of and compliance with the group’s ethical guidelines.
The audit committee assesses and makes a recommendation concerning the choice of external auditor, and it is responsible for ensuring that the external auditor meets the requirements set by the authorities in Norway and in other countries in which StatoilHydro is listed on the stock exchange.
