audiitorkomiteele

An audit committee, also known as an audit and risk committee or audit and finance committee, is a standing committee of a corporation's board of directors. Its primary responsibility is to oversee the financial reporting process and ensure the integrity of the company's financial statements. The committee typically includes independent directors and is chaired by a non-executive member of the board.

The audit committee's key functions include:

1. Reviewing and evaluating the effectiveness of the company's internal controls and risk management processes.

2. Monitoring the work of the company's external auditors, including the audit plan, scope, and results.

3. Ensuring compliance with relevant laws, regulations, and accounting standards.

4. Assessing the adequacy of the company's disclosure controls and procedures.

5. Providing oversight of the company's internal audit function, if one exists.

The audit committee plays a crucial role in enhancing the transparency and accountability of a corporation's financial reporting. By performing these functions, the committee helps to protect shareholders' interests and maintain the integrity of the capital markets. The composition and structure of audit committees may vary depending on the specific requirements of the company's industry, regulatory environment, and corporate governance practices.