1 Audit Committee & Investors. 2 Sarbanes Oxley & The Audit Committee.

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Presentation transcript:

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