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[Music] all right in this lesson Im going to discuss the audit committee and the importance of the audit committee to our auditors and to a organization and company now when we talk about audit committee specifically were talking about public companies were not necessarily talking about private although private can work this way its just theres a little bit more leniency with all of this when we talk about private companies so a private company also may not have an audit committee because the Board of Directors may be put together of all the owners and so there may not be independent things independent people on the board of directors so again this has to do with public companies private companies get a little bit of leeway in all of this so audit committee what is an audit committee well first of all lets start with the Board of Directors so we have the Board of Directors here and if youve never been on a board directors I dont know how Board of Directors are put together basi
