audit committee

Definition of "audit committee"
  1. A subgroup within a company, typically comprised of external directors, that is responsible for overseeing the audits and assessments of the corporation and its executives
How to use "audit committee" in a sentence
  1. The audit committee reviewed the internal audit findings before the annual shareholder meeting.
  2. Despite its refined procedures, the audit committee discovered significant financial discrepancies during their yearly review.
  3. If the audit committee identifies any irregularities in the corporate financial statements, they report it to the board of directors immediately.

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