In addition to the report from the auditors, the BBC’s Annual Statement also contains the following statement from the Governors of the BBC on the BBC’s Compliance with the Fair Trading Commitment:

The Governors consider that the policies contained in the BBC’s Fair Trading Commitment are consistent with the requirements of the Royal Charter and the accompanying Agreement. Through the Fair Trading Compliance Committee, they have gained reasonable assurance that the system of controls and procedures designed to ensure that these policies are applied throughout the BBC has been operating effectively throughout the year.