The NED Blog: The importance of the audit committee
Challenging the executive management team in terms of the decisions they make is a key responsibility of being a non-executive director. Michael Gaughan explains that one of the aspects of the role is to sit on various Board Committees to look at specific areas more closely and these committees play a vital role in achieving the overarching objectives.
One of these is the audit committee. The board has a responsibility to make sure that the financial accounts are properly prepared for all the stakeholders and that they present what is called a true
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