The audit committee acts as the primary financial watchdog of the board, overseeing external audits, internal control processes, and risk management systems.

Core Review Domains

  • Auditor Independent Oversight: Directing the appointment, compensation, performance, and legal independence of external auditing firms.
  • Financial Policy Verification: Reviewing choices regarding complex accounting policies, material management estimates, and unusual transactions.
  • Financial Statement Sign-off: Rigorously vetting the quarterly and annual statements before they are approved by the full board for public release.