Tag Archives: Audit Committee

ICAI Technical Guide on Functioning of Audit Committee & Its Review Checklist :Download

By | October 30, 2018

Technical Guide on the Functioning of Audit Committee & Its Review Checklist The Audit Committee is inter alia responsible for liaison with the management; internal and statutory auditors, reviewing the adequacy of internal controls and compliance with the significant policies, procedures and reporting to the Board on key issues. The idea of having independent directors… Read More »

Audit Committee as per Section 177 Companies Act 2013

By | May 9, 2016

Section – 177 Companies Act, 2013 (Enforced with effect from 1-4-2014.) Audit Committee 177. (1) The Board of Directors of every listed company and such other class or classes of companies, as may be prescribed1, shall constitute an Audit Committee. 2(2) The Audit Committee shall consist of a minimum of three directors with independent directors… Read More »