Outline the objectives of an audit committee

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Reference no: EM131953491

Prepare financial reports to meet statutory requirements

Prepare your report for the Board, covering the following matters:

a) Discuss the directors' concerns about the amount of resources being allocated to the monitoring process.

b) Outline the objectives of an audit committee.

c) Recommend terms of reference for the committee.

d) Identify who should constitute the committee.

e) Discuss the interaction between the audit committee and both the internal and external audit functions.

Reference no: EM131953491

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len1953491

4/23/2018 2:08:47 AM

Did the student complete and provide evidence for the following(please ?): Yes No 1.1 Identify, interpret and comply with statutory requirements and information 1.2 Accurately analyse data and information for reports 1.3 Prepare and consolidate well-written reports in required format. Has the learner proven they can(please ?): Yes No 1.1 Outline key information required, common financial report formats and typical quality indicators 1.2 Explain financial services industry codes of practice 1.3 Describe key requirements of organisational policy and procedures relevant to financial reporting 1.4 Identify and describe key requirements of relevant legislation and regulations relevant to financial reporting.

len1953491

4/23/2018 2:08:42 AM

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