Archive for the 'charter' Category


Audit Committee Requirements

October 13th, 2006 | tags: Board Services, BOD, board, boardofdirectors, charter

Does your audit committee have a charter? If so does it address these responsibilities?

  • How financial statements are prepared and presented?
  • Which accounting firm will audit financials?
  • What system of internal controls will be used?
  • Who will monitor compliance with laws and regulations?
  • Who will be responsible for SEC compliance?

[via Theodore F. di Stefano]