Why should the audit committee be independent?

This is important to avoid conflicts of interest and ensure the integrity of the audit process.

What is the central responsibility of the audit committee in a public company?

For public companies, the central purpose of an audit committee is to ensure oversight of the financial reporting, risk management, internal and external audit, and ethics and compliance.

Who does an audit committee report to?

Just like other types of committees, an audit committee reports to the company’s board of directors.

Useful Resources for Committees

How to Write a Committee Charter: Complete Guide with Examples

January 23.2023

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How to Run a Committee Meeting for Corporate Executives: Best Practices

June 25.2024

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Compensation Committees: What Board of Directors Should Know

August 9.2023

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Executive Committee: Roles, Responsibilities, and How They Function

August 14.2023

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Steering Committee Insights: Composition, Roles, Best Practices

February 26.2024

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The Future of Advisory Committees: Emerging Trends and Best Practices

February 19.2024

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Safety Committee Meetings: Formats, agendas, and free templates

February 4.2024

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The Nomination Committee: Definition, Challenges, Best Practices

January 28.2024

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Remuneration Committee: Roles, Best Practices, and Corporate Governance

January 21.2024

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Fundraising Committees: Structure, Roles, and Nonprofit Impact

January 14.2024

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Audit Committee 101: Audit Committee Role, Responsibilities, Requirements, and Regulations

January 7.2024

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