Overview of a Terms of Reference for Audit Committee
What is a Terms of Reference for Audit Committee?
When should you use a Terms of Reference for Audit Committee?
Key points included
- Purpose of setting up this committee;
- Number of members of this committee;
- Number of members to constitute a quorum for a meeting of this committee;
- Number of times that this committee will meet per year; and
- Details of the duties of this committee (where necessary, make offline changes to those duties).