1.

To discuss the company's quarterly and audited annual financial statements, the audit
committee meets with management and the independent auditor. They also review the news
releases on earnings, along with the financial details and recommendations are given to external
rating agencies and analysts. The audit committee should know about the processes internally
controls applied by the management of the company to ensure that the financial statements are
accurate. They are appointed by the audit committee and their performance and they’re also
being evaluated.

2. Auditors manage the financial statements and reporting of a business as members of a

company's board of directors. In order to produce an honest and accurate financial report, the
auditors must include outside board members as well as accountants and financial experts.

3. It is the main objective of the company that they provide an oversee of the financial reporting,
processing of audits and the system within the organization. A review of the significant
accounting and reporting issues, as well as their regulations and pronouncements, can be
expected by auditors. In order to determine whether reports are complete and accurate, it is
necessary to understand how management develops internal interim financial information.

4. Audit committee transparency - It is crucial for auditors to have more transparency regarding
how they have discharged their duties in order to assess their performance and effectiveness.

Effective communication - It cannot be overstated how important it is to maintain effective

communication between the audit committee and the company. Communications with the
management, internal and external audits, including written and in-person in formal and informal
communication formats.

Committee composition - As audit committee assignments expand beyond financial reporting

oversight, having a diversity of expertise, perspectives, and experience is also very important.

How work gets done - Audit committees must work efficiently and effectively to ensure they
fulfill their oversight responsibilities with an increasing workload and increased complexity of
risks on their agendas.
Strength the finance - Finance department staffing, resources, personnel qualifications in key
positions, and support for its continued development are factors that the audit committee
considers.

5. On how much they have to know every detail, the chairman of the audit committee has a very
important role to play. Generally, the audit committee meeting agendas were determined by all
the audit committee members participating in the work. It must be a working relationship to have
the desired outcome.