MLchartDataset catalogue

Audit committee

Term · Law · MLC-T-LAW-000625

A subcommittee of a company's board of directors responsible for overseeing the financial reporting process and internal controls. Its members are typically independent directors, free from management influence. The committee works with external auditors, reviews financial statements, and monitors compliance with regulatory requirements like the Sarbanes-Oxley Act.

Table 1. Record
IdentifierMLC-T-LAW-000625
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-000625",
  "term": "Audit committee",
  "field": "Law",
  "definition": "A subcommittee of a company's board of directors responsible for overseeing the financial reporting process and internal controls. Its members are typically independent directors, free from management influence. The committee works with external auditors, reviews financial statements, and monitors compliance with regulatory requirements like the Sarbanes-Oxley Act.",
  "url": "https://mlchart.com/terminology/law/audit-committee/"
}

Record 414 of 5,441 in Law terminology (MLC-0107). Request the full dataset.