Fix logo in the Audit Committee Charter

Aug 6th, 2022
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How to fix logo in the Audit Committee Charter

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[Music] the expectations and the respect for internal has okay so this this this few few slides I do remember and I think I will just have to wait for few seconds so that it makes the relevant uh you able to at least resonate with what Im trying to say but can this first forward section of this site say one stakeholder for an internal aitor just name one stakeholder for audit committee chair okay this side chiefing officer chief because lend to us statut Auditors statut Auditors management management so yeah the chief officer CEO CEO yeah in investor shareholder I mean yeah thats one set and then obviously the audit committee chair who sort of guiding us and governing us yeah so fairly I mean you guys are there if you would want to probably now do a little bit of uh granular part here I mean this is this is SC you completely understood um audit chair is one because the audit committee uh is definitely one then we have uh the CEO or the MD because hes the one who sort of is reflected

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What should the audit committees composition look like? Must have at least three members. All must be: Independent. Financially literate. At least one member must have accounting or financial expertise or sophistication (audit committee financial expert)
The Audit Committee shall assist the Board in fulfilling their oversight responsibility relating to (i) the integrity of the Companys financial statements; (ii) the financial reporting process; (iii) the systems of internal accounting and financial controls; (iv) the performance of the Companys internal audit
The internal audit charter should be approved by the governing body and agreed to by senior management. The charter should at a minimum include internal audits purpose and mission, authority, responsibility, its independent reporting relationships, scope and requirement to conform to IIA Standards.
The Committee is appointed by the Board of Directors to (a) assist the Board in its oversight of (i) the integrity of the Companys consolidated financial statements, (ii) the Companys compliance with legal and regulatory requirements, (iii) the Companys system of internal controls, (iv) certain aspects of the
In the report, the audit committee must state whether it has: Reviewed and discussed the audited financial statements with management. Discussed with the independent auditor all matters required under applicable auditing standards. Received required independence disclosures from the independent auditor.
While the SEC does not require companies to adopt an audit committee charter, the SEC does require companies to disclose in their proxy statements whether the audit committee is governed by a charter, and if so, include a copy of the charter as an appendix to the proxy statement at least once every three years.
The audit committee may include persons who are not members of the governing board. ► The audit committee cannot include staff members, the president or chief executive officer, the treasurer or chief financial officer of the organization.
In India, all public companies having a paid-up capital of Rs 10 crore or more or a turnover of Rs 100 crore or more should have an audit committee. Also, all public companies having outstanding loans or borrowings in excess of Rs 50 crore should constitute an audit committee.

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