The Group operates under Internal Financial Reporting Standards. The Group is committed to ensuring the maintenance of good accounting records, consistency of financial reporting and the effectiveness of internal financial control. The system for the latter is designed to safeguard the assets of the Group and to prevent and detect fraud and other irregularities.

Smith & Nephew has an internal audit function, which monitors the adequacy of internal financial controls and systems and compliance with Group standards.

We aim to report our business performance and activities fully and accurately to investors - believing that open and honest communication is essential if we want them to understand our aims and have confidence in our strategies for achieving them. Results are reported on a quarterly basis and we give regular briefings to analysts, investors and financial journalists. We use our website to keep information accessible and regularly updated.

The Group prepares its accounts in US Dollars and in accordance with International Financial Reporting Standards (“IFRS”). The Annual Report is available under Reports and results in the investors section of the corporate website.

Click on the following links to access some of the useful information available on our corporate website: