HSBC 2015 Annual Report Download - page 329
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HSBC HOLDINGS PLC
327
Strategic Report Financial Review Corporate Governance Financial Statements Shareholder Information
Appendix: Matters discussed with the Group Audit
Committee (‘GAC’)
Those areas which presented the greatest risk of material misstatement in the financial statements are required to be
discussed with the GAC. They had the greatest effect on the audit, including the allocation of resources and effort and are
discussed below together with an explanation of how the audit was tailored to address these specific areas. The first table
indicates which segments and businesses were impacted by the matters discussed.
This is not a complete list of all risks identified by the audit.
Segments Global businesses
Matters discussed
Group
wide Europe Asia
North
America
Latin
America RBWM CMB GB&M GPB
IT access management
Goodwill and intangible assets
Application of hedge
accounting
Impairment of loans
and advances
Litigation and conduct
Investment in BoCom
Impact of the DPA
Recoverability of deferred
tax assets