Definitions for audit committee
au·dit com·mit·tee

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1. Audit committee

   In a U.S. publicly traded company, an audit committee is an operating committee of the Board of Directors charged with oversight of financial reporting and disclosure. Committee members are drawn from members of the company's board of directors, with a Chairperson selected from among the committee members. A qualifying audit committee is required for a U.S. publicly traded company to be listed on a stock exchange. Audit committees are typically empowered to acquire the consulting resources and expertise deemed necessary to perform their responsibilities. The role of audit committees continues to evolve as a result of the passage of the Sarbanes-Oxley Act of 2002. Many audit committees also have oversight of regulatory compliance and risk management activities. Not for profit entities may also have an audit committee.

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1. audit committee

   Is a committee with a number of people with the relevant ability, experience, skills and tools whose role and responsibility to ensure the accounts, finances, financial and business processes and procedures of a business, company, enterprise, form of unity government or organisation are accurate, audited and submitted to a specific unity government authorized organization when required.

   The company established an audit committee to ensure it was complying with the guidelines from the bank and regulatory body.

   
   

   Submitted by MaryC on March 31, 2017  

How to pronounce audit committee?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say audit committee in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of audit committee in Chaldean Numerology is: 8

2. Pythagorean Numerology

   The numerical value of audit committee in Pythagorean Numerology is: 5

Examples of audit committee in a Sentence

1. Andrew Arulanandam:

   To the extent there were any questions about certain travel expenditures, Wayne LaPierre reimbursed The NRA, these transactions are fully disclosed in the 2019 tax filing, in accordance with all regulations. The Association's finances are audited, National Rifle Association complies with all applicable regulations, and the Board has an independent Audit Committee.

References

1. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=audit committee