How do audit committees provide balance? What issues may arise from them? What characteristics should a...

How do audit committees provide balance? What issues may arise from them? What characteristics should a person on an audit committee have?

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Audit committee providing balance following

9 Traits of an effective Audit Committee

Intellectual curiosity and professional scepticism.
Courageous in making tough decisions.
Balanced, ethical approach to whistleblowing.
Oversight of key risks (not just financial)
Excellent relationship builders.
Ability to build and develop a strong team.
Able to challenge the external auditors.
Good listening skills
: Responsibilities of the audit committee typically include:(issue arises)
Overseeing the financial reporting and disclosure process.
Monitoring choice of accounting policies and principles.
Overseeing hiring, performance and independence of the external auditors.
Oversight of regulatory compliance, ethics, and whistleblower hotlines.
: Characteristics of an Effective Audit Committee
Who Should Serve on Your Audit Committee? An audit committee must be composed of the right people with the right mindset and relevant expertise to be successful. ...
Creating a Charter. ...
Monitor Financial Reporting. ...
Provide Risk Management Oversight. ...
Protect Your Company from Fraud. ...
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ekkarill92 answered 2 months ago

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How do audit committees provide balance? What issues may arise from them? What characteristics should a...

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