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For general release REPORT TO:CORPORATE SERVICES COMMITTEE 12 September 2012 AUDIT ADVISORY COMMITTEE 11 September 2012AGENDA ITEM:7SUBJECT:ANNUAL GOVERNANCE REPORT FINAL ACCOUNTS 2011/12LEAD OFFICER:Nathan
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The audit advisory committee is a group of individuals responsible for providing oversight and guidance on the audit process.
Public companies are typically required to have an audit advisory committee.
To fill out an audit advisory committee, members must review and approve audit plans, meet with auditors, and ensure compliance with regulations.
The purpose of the audit advisory committee is to enhance the credibility and objectivity of financial reporting.
The audit advisory committee must report on audit findings, recommendations, and any concerns regarding financial reporting.
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