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BOARD STANDING COMMITTEE CHARTER Version 4: Draft Date: 10 August 2016 Description: 2017 APC Charter COMMITTEE NAME: PMI AUDIT AND PERFORMANCE OVERSIGHT COMMITTEE (APC) CHARTER EFFECTIVE DATE AND
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Who needs audit and performance oversight?

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Businesses and organizations that receive government funding or grants often require audit and performance oversight to ensure proper use of funds.
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Government agencies and departments may need to conduct audit and performance oversight to evaluate the efficiency and effectiveness of programs and operations.
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Non-profit organizations that seek to maintain transparency and accountability may voluntarily engage in audit and performance oversight.
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Financial institutions and publicly traded companies may require audit and performance oversight to comply with regulations and ensure accurate financial reporting.
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Any entity that wants to identify areas of improvement, detect fraud or financial mismanagement, or maintain public trust may benefit from audit and performance oversight.
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Audit and performance oversight is the process of evaluating and verifying the financial and operational activities of an organization to ensure compliance with regulations and best practices.
Certain organizations, such as government agencies, non-profit organizations, and publicly traded companies, are required to file audit and performance oversight.
Audit and performance oversight reports are typically filled out by qualified auditors or internal compliance teams using standardized forms and procedures.
The purpose of audit and performance oversight is to provide transparency, accountability, and assurance that an organization is operating efficiently and effectively.
Audit and performance oversight reports typically include financial statements, internal control assessments, compliance with regulations, and performance indicators.
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