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GeekInterview.com > Interview Questions > Accounting > Audit
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Question: Audit Committee
Answer: What is the purpose of audit committe inside a firm & its role with external auditors? |
| January 01, 2009 06:50:01 |
#1 |
| Nishi Kanti Dey |
Member Since: October 2008 Total Comments: 8 |
RE: Audit Committee
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| Audit committee, a part of the Corporate Governance, which is consists of 3 non executive members of a company and this committee is necessary for public listed company, audit committee review the internal control system of a company and they also make a report to the board about the financial condition of a company. They can avoid the conflict of interest between external auditor and the directors of the company, they can assist the external auditor by producing a materials information. |
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