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AUDIT, COMPLIANCE, AND RISK MANAGEMENT COMMITTEE May 15, 2024 Chancellors Ballroom, The Carolina Inn AGENDA OPEN SESSION ACTION ITEMS 1. Approval of the Minutes of January 17, 2024 Vinay Patel, Chair
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Identify the key risks faced by the organization.
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The Committee on Audit Risk typically refers to a group responsible for overseeing the integrity of financial reporting, compliance with legal and regulatory requirements, and assessing the effectiveness of internal controls related to auditing processes.
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To fill out the Committee on Audit Risk, organizations must typically provide details regarding their audit processes, risk assessments, and the internal controls they have in place. This may involve collating data, ensuring compliance with relevant standards, and submitting the information to the appropriate regulatory body.
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Information typically reported includes the results of audit assessments, identified risks, the effectiveness of internal controls, compliance with laws and regulations, and recommendations for improving the audit process.
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