Assertion: audit committee | /r/CapableOf | assist the board
Facets:
value: to fulfil overseeing
type: PURPOSE
value: to fulfil its corporate governance
type: PURPOSE
value: internationally
type: LOCATION
value: typically
type: DEGREE
Source sentences:
text: The Audit Committee typically assists the Board with the oversight of (a) the integrity of the entity's financial statements, (b) the entity's compliance with legal and regulatory requirements, (c) the independent auditors' qualifications and independence, (d) the performance of the entity's internal audit function and that of the independent auditors and (e) compensation of company executives (in absence of a remuneration committee)."(Standard INTOSAI GOV #9100, "Internal Control Standards for the Public Sector”, annex 2)
text: Internationally, an audit committee assists a board of directors to fulfil its corporate governance and overseeing responsibilities in relation to an entity’s financial reporting, internal control system, risk management system and internal and external audit functions.