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Model Audit Committee Charter

Audit Committee

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Tjoa Han Hwa
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© © All Rights Reserved
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56 views

Model Audit Committee Charter

Audit Committee

Uploaded by

Tjoa Han Hwa
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 14

Model Audit

Committee Charter

Revised: March 2017


Model Audit Committee Charter

Contents

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Model Audit Committee Charter

Preface

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Model Audit Committee Charter

Organizational Principles
Introduction [Optional]

Background [Optional]

Purpose

Mandate [Optional]

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Model Audit Committee Charter

Authority

Composition of the Audit Committee

The Chair of the Audit Committee

Terms of Office

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Model Audit Committee Charter

Quorum

Operational Principles
Audit Committee Values

Communications

Work Plan

Meeting Agenda

Information Requirements

Executive Sessions

Preparation and Attendance

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Model Audit Committee Charter

Conflict(s) of Interest

Orientation and Training

Operational Procedures
Meetings

Minutes

Required Attendance

Secretariat Services

Remuneration of Committee Members

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Model Audit Committee Charter

Responsibilities

Values and Ethics

Organizational Governance

Risk Management

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Model Audit Committee Charter

Fraud

Control

Compliance

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Model Audit Committee Charter

Oversight of the Internal Audit Activity and Other


Assurance Providers
Internal Audit Activity

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Model Audit Committee Charter

External Auditors

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Model Audit Committee Charter

Financial Statements and Public Accountability Reporting

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Model Audit Committee Charter

Other Responsibilities

Reporting on Audit Committee Performance

Approval/Signatures

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ABOUT THE IIA
The Institute of Internal Auditors (IIA) is the internal audit profession’s most widely recognized advocate, educator, and provider of
standards, guidance, and certifications. Established in 1941, The IIA today serves more than 190,000 members from more than 170
countries and territories. The association’s global headquarters are in Lake Mary, Fla., USA. For more information, visit
www.globaliia.org.

DISCLAIMER
The IIA publishes this document for informational and educational purposes and, as such, is only intended to be used as a guide. This
guidance material is not intended to provide definitive answers to specific individual circumstances. The IIA recommends that you
always seek independent expert advice relating directly to any specific situation. The IIA accepts no responsibility for anyone placing
sole reliance on this guidance.

COPYRIGHT
Copyright© 2017 The Institute of Internal Auditors, Inc. All rights reserved. For permission to reproduce, please contact
[email protected].

Global Headquarters
The Institute of Internal Auditors
1035 Greenwood Blvd., Suite 401
Lake Mary, FL 32746, USA
Phone: +1-407-937-1111
Fax: +1-407-937-1101
www.theiia.org

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