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audit committees

An audit committee is a group within an organization, often part of the board of directors, responsible for overseeing financial reporting, internal controls, and compliance with laws and regulations. Their main role is to ensure the accuracy of financial statements, protect against fraud, and provide independent oversight of the organization's financial practices. This committee usually includes members with financial expertise and works closely with internal auditors and external auditors to help ensure transparency and accountability in the organization’s financial operations.

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    An Audit Committee is a group within an organization, typically made up of board members, responsible for overseeing financial reporting and disclosure. Its main duties include reviewing financial statements, ensuring compliance with laws and regulations, and monitoring the internal and external audit processes. The committee aims to protect the organization's integrity by ensuring that financial information is accurate and transparent. By doing so, it helps build trust with investors, stakeholders, and the public, ultimately supporting the organization's overall governance and accountability.