1 audit committee & investors. 2 sarbanes oxley & the audit committee

1 Audit Committee & Investors

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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.

• 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.

Page 4: 1 Audit Committee & Investors. 2 Sarbanes Oxley & The Audit Committee

Members of the Audit Committee

• The audit committee shall be independent and shall have the necessary expertise and resources.

Page 5: 1 Audit Committee & Investors. 2 Sarbanes Oxley & The Audit Committee

Operating

Keeping the confidence of;

• Shareholders • The Board • Management

Page 6: 1 Audit Committee & Investors. 2 Sarbanes Oxley & The Audit Committee

Getting Organized

• Meeting frequency

• Formal Agendas

• Expertise

• Reporting

Page 7: 1 Audit Committee & Investors. 2 Sarbanes Oxley & The Audit Committee

Summary

• Role/Responsibility

• Pre-requisites for Success

• Competence

• Confidence

• Commitment

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