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Shire of Menzies AUDIT & RISK COMMITTEE AGENDA Thursday 23 June 2022 Commencing at 11:00 amTABLE OF CONTENTS 1 DECLARATION OF OPENING ..............................................................................3
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Identify the members who will be part of the committee
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The audit and compliance committee is a group within an organization responsible for overseeing financial reporting, internal controls, and compliance with laws and regulations.
Publicly traded companies are typically required to have an audit and compliance committee.
The audit and compliance committee should be filled out by members of the committee and relevant stakeholders within the organization following guidelines and regulations.
The purpose of the audit and compliance committee is to ensure that the organization is adhering to financial reporting standards, internal controls, and legal requirements.
Information such as financial statements, internal control assessments, compliance procedures, and any audit findings should be reported on the audit and compliance committee.
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