What Should be the Mission of an Effective Audit Committee?
What Should be the Mission of an Effective Audit Committee?
Quite simply, the audit committee’s mission is oversight. More specifically, this oversight should be focused on the following areas:
- Financial reporting – Conduct and integrity of financial reporting
- Risk management – Inclusive of internal accounting and disclosure controls
- Audit function – Oversight of and communication with independent auditors, both internal and external
UP NEXT: What are the Basic Responsibilities of an Audit Committee?
GO BACK: Effective Audit Committee Guide
SHARE