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What are the Duties and Responsibilities of the Company's Audit Committee?
The Audit Committee plays a crucial role in ensuring the integrity and transparency of a company's financial reporting and internal controls. Here are some of the key duties and responsibilities of an Audit Committee:

Oversight of Financial Reporting
*Review financial statements*: Ensure that financial statements are accurate, complete, and comply with relevant laws and regulations.
*Monitor accounting policies*: Review and approve accounting policies and practices to ensure they are consistent with industry standards and regulatory requirements.

Internal Controls and Risk Management
*Evaluate internal controls*: Assess the effectiveness of internal controls and identify areas for improvement.
*Monitor risk management*: Oversee the company's risk management processes and ensure that risks are properly identified, assessed, and mitigated.

External Audit
*Select and oversee external auditors*: Recommend the appointment of external auditors and oversee their work to ensure independence and objectivity.
*Review audit findings*: Review audit findings and ensure that management takes corrective action to address any issues identified.

Compliance and Governance
*Ensure compliance with laws and regulations*: Monitor compliance with relevant laws and regulations, including those related to financial reporting and corporate governance.
*Review corporate governance practices*: Evaluate the company's corporate governance practices and ensure they align with best practices and regulatory requirements.

Other Responsibilities
*Provide guidance to management*: Offer guidance and advice to management on financial reporting, internal controls, and risk management.
*Maintain independence*: Maintain independence and objectivity in carrying out duties and responsibilities.
*Report to the Board*: Report to the Board of Directors on audit committee activities and findings.

By fulfilling these duties and responsibilities, the Audit Committee helps to ensure the integrity and transparency of a company's financial reporting and internal controls, which can enhance investor confidence and support good corporate governance.

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