Talk:Audit Committee

Name

The name is misleading (as stated). How about "The Internal Audit Committee"? Gordo (talk) 08:13, 12 November 2012 (UTC)

That doesn't make any difference. The potentially confusing bit is the audit part, not whether it's internal or external. As a committee, it already indicate that it's internal. KTC (talk) 08:41, 12 November 2012 (UTC)

Need for audit?

B3. Should a charity have an internal audit function or audit committee?

Found at http://www.charitycommission.gov.uk/publications/cc8.aspx. The management of risk is an important part of the audit function, both financial and non-financial risk. Gordo (talk) 08:18, 12 November 2012 (UTC)

The link provide a good definition of an audit committee in the accounting sense, but that's not what Tango is proposing. KTC (talk) 08:43, 12 November 2012 (UTC)

Internal and External Auditors.

I believe it is good governance in general to appoint distinct companies for audit. For example, Deloitte for internal audit and KPMG for external audit. Gordo (talk) 09:24, 12 November 2012 (UTC)