Report Management Accounting 2022

Running head : MANGEMENT ACCOUNTING
MANGEMENT ACCOUNTING
Name of the Student
Name of the University
Author Note

MANGEMENT ACCOUNTING
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Table of Contents
Introduction................................................................................................................................2
Brief overview of the company..................................................................................................2
Details of the audit committee...................................................................................................6
Assessment.................................................................................................................................7
Conclusion..................................................................................................................................8
References..................................................................................................................................9

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Introduction
The report aims towards the background of the mining and metal giant Rio Tinto. The
report further aims towards the details of the audit committee, its Board of Directors, and
various other committees (Fu, Y., Carson, E. and Simnett, R., 2015). It further adds on to the
code of the conduct for the professionals regarding the Audit Quality (Christensen, B.E.,
Glover, S.M., Omer, T.C. and Shelley, M.K., 2016). It grief summary of the company and
gives review of its authenticity in the financial statements. The references are given in the
Harvard style of referencing (Anaf, J., Baum, F., Fisher, M. and London, L., 2019).
Brief overview of the company
Rio Tinto is a Multinational Company, which has its headquarters in Australia. It was
founded in the year 1873. It deals mainly with the metals and therefore is considered as one
of the largest corporations in the years that have gone by. Its foundation was done at the time
of its association with investors who took complex of mining on Rio Tinto. It is located in
Huelva, situated in Spain. It was since the time when the company had been going through a
wide range of acquisitions and mergers to make a stand in the industry among the global
leaders of the mining and metal commodities. However its initial aim was on the extraction of
the minerals, operating significantly in the industry of refining , which is inclusive of the
refining of iron ore as well as Bauxite. It operates in the six continents. However it
concentrates mainly on Canada and Australia. It is a combination of the partly owned and the
wholly owned subsidiaries. It has its headquarters in Melbourne and London (Riotinto.com.
2019).
The Main heads in the Board of Directors are as under:
Simon Thompson : Chairman

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Simon Thompson seems to have a certain global experience in the industry of the
mining and metal, finance and corporate governance. Simon was the executive director of the
Anglo American plc. where he held designations of that of the chairman and the chief
Executive officer of the building blocks of infrastructure, Base metals Division, Chairman of
Tarmac and the chairman of the Exploration Division. Initially in his professional profile he
had held various designations in investment banking at S.G. Warburg and NM Rothschild
(Riotinto.com. 2019).
Jean-Sebastian Jacques: Chief Executive Officer
Blessed with strong leadership qualities, Jean has driven transformation and growth
projects at the Rio Tinto. As a Chief Executive Officer in Copper group from the year 2015,
Jean kept leading renaissance of the collection of products of the safety and the performance
of cash. Oyu Tolgoi, which is situated in Mongolia, and the US resolution. He has brought an
experience of not less than 15 years in the field of aluminium, bauxite and the steel industries
to the Rio Tinto (Riotinto.com. 2019).
Jacob Stausholm: Chief Financial officer
Having an experience of more than 20 years in the roles in the senior finance in
Europe, Latin America and Asia, Jacob has a great exposure of deep experience of wide
business cycles of capital oriented business firm and of the innovative technology and the
optimisation of the supply chain. He has spend around 6 years in serving various
organisations as the group chief financial officer and executive director of integrated
transport and logistics business of the group and the chief financial officer of the group. He
has spent around 19 years initially in the Royal Dutch Shell plc. There he had held a number
of financial positions, which are inclusive of the Chief Internal Auditor (Riotinto.com. 2019).
Megan Clark AC: Non Executive director