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Audit Committee & Investors

Audit Committee & Investors. Sarbanes Oxley & The Audit Committee. Responsibility and Role of The Audit Committee. To ensure shareholders that the financial information of the company is the correct reflection of the business.

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Audit Committee & Investors

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  1. Audit Committee & Investors

  2. Sarbanes Oxley & The Audit Committee

  3. Responsibility and Role of The Audit Committee • To ensure shareholders that the financial information of the company is the correct reflection of the business. • To ensure that the financial information has been prepared according to the relevant financial standards. • To review internal controls. • To review “ whistle blowing “ facility • To evaluate the performance of and to recommend the appointment of the external auditor. • To review the need for internal audit.

  4. Members of the Audit Committee • The audit committee shall be independent and shall have the necessary expertise and resources.

  5. Operating Keeping the confidence of; • Shareholders • The Board • Management

  6. Getting Organized • Meeting frequency • Formal Agendas • Expertise • Reporting

  7. Summary • Role/Responsibility • Pre-requisites for Success • Competence • Confidence • Commitment

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