Audit committee

An audit committee is a specialized subcommittee of an organization's board of directors, typically composed of independent, non-executive directors with financial expertise. Its primary responsibilities include overseeing the integrity of financial reporting, evaluating the effectiveness of internal controls, and ensuring the independence and performance of external auditors. The committee rigorously reviews financial statements, accounting policies, and the selection and remuneration of independent auditors to uphold transparency and accuracy in the organization's financial disclosures.

Beyond financial stewardship, the audit committee plays a critical role in broader governance, risk management, and compliance matters. It oversees the organization's cybersecurity posture, monitors adherence to legal and regulatory requirements—including data privacy regulations—and reviews the scope and findings of the internal audit function. By fostering accountability and enforcing rigorous standards, the audit committee safeguards the organization's reputation, mitigates enterprise risks, and builds stakeholder confidence in its financial health and operational integrity.