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  • Board Audit Committee Communications: Amalia Savitri Adi (20170420285)

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    The audit committee is a subset of the board of directors that oversees the company's finances and internal controls. It is responsible for hiring and overseeing the external auditor, monitoring the performance of the internal audit function, and ensuring the accuracy of financial reporting. The audit committee must have strong communication skills and confidence to fulfill its responsibilities, which include ensuring proper financial reporting, overseeing the external auditor relationship, and overseeing the internal audit function. It also oversees the company's whistleblowing policy.

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    Audit Committee

    Original Title

    [Presentation Week 9]

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    The audit committee is a subset of the board of directors that oversees the company's finances and internal controls. It is responsible for hiring and overseeing the external auditor, monitoring the performance of the internal audit function, and ensuring the accuracy of financial reporting. The audit committee must have strong communication skills and confidence to fulfill its responsibilities, which include ensuring proper financial reporting, overseeing the external auditor relationship, and overseeing the internal audit function. It also oversees the company's whistleblowing policy.

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    © All Rights Reserved
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    31 views14 pages

    Board Audit Committee Communications: Amalia Savitri Adi (20170420285)

    Uploaded by

    ohoosav
    The audit committee is a subset of the board of directors that oversees the company's finances and internal controls. It is responsible for hiring and overseeing the external auditor, monitoring the performance of the internal audit function, and ensuring the accuracy of financial reporting. The audit committee must have strong communication skills and confidence to fulfill its responsibilities, which include ensuring proper financial reporting, overseeing the external auditor relationship, and overseeing the internal audit function. It also oversees the company's whistleblowing policy.

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    Board Audit

    Committee
    Communications
    Amalia Savitri Adi [20170420285]
    Hello!
    I am Amalia
    Savitri
    You can contact me at
    maliasavitr@gmail.com
    “
    “If there is a will, there
    is a way. But Rome
    wasn’t built in one
    night”
    WHAT IS THE AUDIT
    COMMITTEE???

    A subset of the board of directors


    Board of Directors

    hires
    oversees Audit Committee External Auditor

    Company Executive

    Internal Auditor
    Characteristics and Skills of Audit
    Committee

     Communicating skills
     Having the ability to interact
     Having the confidence of management and the
    board to fulfill their responsibilties
    Responsibilities of Audit Committee

    1. Ensuring the financial reporting of the society is accurate


    2. Responsiblefor therelationship with the external auditor
    (monitoring performance, agreeing the scope of work)
    3. Ensuring the oversight of the internal audit function
    adequately resourced (MP, agreeing annual plan)
    4. Responsible forwhistleblowing policy operating
    effectively
    Audit Committee Responsibilities for
    Internal Auditor

    1. Review the resources, plans, activities, and organizational structure of IA


    2. Review the appointement, performance, and the replacement of the CAE
    3. Review all audit reports prepared by IA together with management’s
    response
    4. Review with management the CAE, and the independent accountants the
    adequacy of financial reporting and internal control system
    Audit Committee and Its External
    Auditors
    External are prohibited from providing the following nonaudit services
    contemporaneously with their financial statements audit
     Bookeeping and related to the accounting records
     Financial IT design andimplementation
     Appraisal or valuationservices
     Management funcion or HR support activities
     Broker, investment advisor, or investmentbanking service
     Legal services unrelated to the audit
     Any other service that PCA-OB determined to be not permitted
    Funny Facts

    Sox mandates IA should


    Audit committee has CEO can not be
    provide all audit reports to
    the ability to hire or fire Audit Committee
    the Audit Committee
    the CEO
    Use Big Images To
    https://www.youtube.com/watch?v=xck2T-LZ5nw

    Show Your Ideas


    Thanks!
    Any questions?

    You can find me at: @maliasavitri


    maliasavitr@gmail.com
    Credits
    Special thanks to all people who made and shared
    these awesome resources for free:

    Presentation template designed by


    powerpointify.com
    Photographs by unsplash.com
    Presentation design

    This presentation uses the following typographies and colors:

    Free Fonts used:


    https://www.fontsquirrel.com/fonts/asap

    Colors used:

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