Page 12 - AAA Integrated Workbook STUDENT S18-J19

Chapter 13 4

Audit committees

3.1 Composition, objectives and functions of an audit committee

Audit committees

Composition Objectives Function

Minimum 3 non- Increase public Monitor financial
executive directors confidence statements

At least one with Provide financial Review controls
financial expertise awareness

Independent of Strengthen Monitor and review
operational independence internal audit
management

Monitor
independence of
external auditor

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