Audit Committee Guidance

Audit Committee Guidance refers to the recommendations and best practices for the oversight of a company's financial reporting and audit processes. It emphasizes the importance of an independent committee, typically composed of board members, who ensure the accuracy of financial statements, compliance with regulations, and the integrity of internal controls. The guidance helps protect stakeholders' interests by ensuring transparency, enhancing accountability, and mitigating risks of financial misreporting or fraud. Essentially, it provides a framework for committees to effectively oversee financial practices and uphold public trust.