endurskoðunarnefndar
Endurskoðunarnefndar is the Icelandic term for an audit committee. In Iceland, like in many other countries, an audit committee is a subcommittee of a company's board of directors. Its primary role is to oversee the financial reporting process, the audit of financial statements, and the company's internal control systems. The committee typically comprises independent directors who possess financial expertise.
The responsibilities of an endurskoðunarnefnd can vary depending on the size and complexity of the company,
The establishment and operation of an endurskoðunarnefnd are often mandated by Icelandic company law and stock