- A committee of non-executive directors the establishment of which was recommended for listed companies by the code of practice set out in the Cadbury Report. The function of audit committees is to check the powers of executive directors, with particular reference to the financial reporting and auditing functions. Such committees would enhance the independence of auditors by allowing them to report to a body that is independent of the executive directors.
Accounting dictionary. 2014.
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audit committee — n: a corporate committee made up of usu. outside directors who review audits and evaluations of the corporation and its officers Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. audit committee … Law dictionary
audit committee — noun A subcommittee of a company s board of directors with responsibility for liaising with external auditors • • • Main Entry: ↑audit … Useful english dictionary
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audit committee — Fin a committee of a company’s board of directors, from which the company’s executives are excluded, that monitors the company’s finances … The ultimate business dictionary
Audit committee — … Википедия
Audit Committee — in Deutschland spezieller (Fach )Ausschuss des ⇡ Aufsichtsrats einer Aktiengesellschaft, der sich vornehmlich mit der Rechnungslegung und der ⇡ Jahresabschlussprüfung beschäftigt. Das A.C. dient damit praktisch als vom Aufsichtsrat beauftragter… … Lexikon der Economics
audit — Systematic inspection of accounting records involving analyses, tests, and confirmations. The hearing and investigation had before an auditor. An audience; a hearing; an examination in general. A formal or official examination and authentication… … Black's law dictionary