Company: ARBK
Filing Date: 2025-05-09
Form Type: 6-K
Source: 0001654954-25-005344
Chunk: 26

Company: Argo Blockchain Plc
Filing Date: 2025-05-09
Form: 6-K
Chunk 26
---
 Group is operating.

The Board considers that, in light of their respective professional experience and expertise, the members of the committee have recent and relevant financial experience, including competence in accounting matters relevant to the sector of operation, and operational experience in businesses at a similar stage of development.

Committee Meetings

The Committee has discretion to invite members of the executive management of the Company to its meetings as required and considers the input and recommendation of executive management to be critical to ensuring the Committee’s activities reflect the ongoing needs of the Company. Therefore, executive management were invited to present to the committee at the appropriate junctures during the year.

Where the Committee considers matters relating to the audit of the Group, the Committee invited David Thompson, the lead audit partner for the Group at PKF Littlejohn LLP, to attend the meeting. His attendance was critical to ensuring the Committee has access to Mr Thompson’s independent judgement and ensuring the Committee can solicit his views on matters to be considered or addressed as part of the audit.

The Committee also meets independently to consider matters relating to financial management and audit, providing a forum for discussion of the agenda for the year ahead and strategic priorities for the Committee.

Focus of the Committee

During the year under review, the Committee’s focus was on:

●

reviewing the Company’s financial reporting processes, taking into account changes to the business during the year under review;

●

working with the Group’s auditors to consider matters arising from the Group’s previous audit and the measures necessary to address them;

●

monitoring the effectiveness of the internal control and risk management systems adopted by the Group, regarding financial reporting of the Group;

●

reviewing the audit of the Group, in particular noting areas for potential improvement;

●

considering the independence and suitability for reappointment of the Group’s auditors, PKF Littlejohn LLP;

●

communicating with the Board the findings of the audit, and its contribution to the integrity of the Group’s financial reporting;

●

considering the integrity of the Company’s and the Group’s financial statements, the processes and procedures for the Company’s monthly operational updates and reviewing significant financial issues and judgments contained in them;

●

reviewing the Group’s internal financial reporting function, in particular its structure, staffing and resources; and

●

considering the Group’s management and internal reporting metrics.

As a result of its work, the Committee recommended the reappointment of PKF Littlejohn LLP for the year under review and intends to do so again for the current financial year.

Performance Evaluation

Given