Audit commitee
This query is : Resolved
15 May 2015
Kindly let me know what points to be discussed in Audit Committee meeting??
CMA Ramesh Krishnan
(Expert)
15 May 2015
As per the.177 of the Companies Act 2013. the functions of audit committee below
1.The recommendation for appointment, remuneration and terms of appointment of auditors of the company
2.Review and monitor the auditor’s independence and performance, and effectiveness of audit process
3. Examination of the financial statement and the auditors’ report thereon
4.Approval or any subsequent modification of transactions of the company with related parties
5. scrutiny of inter-corporate loans and investments
6. Valuation of undertakings or assets of the company, wherever it is necessary
7.Evaluation of internal financial controls and risk management systems
8. Monitoring the end use of funds raised through public offers and related matters.
Matter related to above will be discussed in audit committee
1.The recommendation for appointment, remuneration and terms of appointment of auditors of the company
2.Review and monitor the auditor’s independence and performance, and effectiveness of audit process
3. Examination of the financial statement and the auditors’ report thereon
4.Approval or any subsequent modification of transactions of the company with related parties
5. scrutiny of inter-corporate loans and investments
6. Valuation of undertakings or assets of the company, wherever it is necessary
7.Evaluation of internal financial controls and risk management systems
8. Monitoring the end use of funds raised through public offers and related matters.
Matter related to above will be discussed in audit committee
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