Characteristics of an Effective Audit Committee

question 70

Essay

Characteristics of an effective audit committee
List and discuss at least four attributes of an effective audit committee that provides important oversight functions.

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Definitions:

Odourless

Refers to substances that do not emit a detectable smell.

Poisonous Gas

Gaseous substances that are harmful or fatal to living organisms when inhaled or absorbed.

Controlling Emissions

The practice of regulating and reducing the release of pollutants or greenhouse gases into the atmosphere from various sources.

Stricter Standards

More rigorous and demanding criteria or rules that must be met, often applied to improve quality, safety, environmental protection, or efficiency.