auditikomitee

An audit committee is a board-level committee responsible for overseeing and evaluating the financial reporting process of an organization. Its primary function is to ensure that the organization's financial statements are accurate, reliable, and compliant with relevant laws and regulations. The committee typically consists of independent directors who are not involved in the day-to-day operations of the company.

The audit committee's responsibilities include:

1. Selecting and monitoring the external auditor.

2. Reviewing the organization's internal control systems.

3. Evaluating the effectiveness of the organization's risk management processes.

4. Ensuring that the organization's financial reporting process is transparent and ethical.

5. Monitoring the organization's compliance with relevant laws and regulations.

The audit committee plays a crucial role in maintaining the integrity of an organization's financial reporting and ensuring that it operates in a transparent and ethical manner. By overseeing the financial reporting process, the committee helps to protect the interests of shareholders, creditors, and other stakeholders.