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April 25, 2018, AGENDA ITEM Audit Committee Meeting: Accept the Letter of Engagement for independent auditing services Strategic Plan Relevance:Regional MobilityDepartment:FinanceContact:Bill Chapman,
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Identify the stakeholders who will be part of the audit and risk committee
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The audit and risk committee is a group of independent directors responsible for overseeing the company's financial reporting process, internal controls, and risk management.
Publicly traded companies are required to have an audit and risk committee, as per securities regulations.
The audit and risk committee should be filled out by the appointed members with relevant experience in finance, accounting, and risk management.
The purpose of the audit and risk committee is to provide oversight and guidance on the company's financial reporting and risk management processes.
The audit and risk committee report should include details on the company's financial performance, internal controls, and risk management activities.
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