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audit committee

nounid 1564·updated May 9, 2026
candidate

An operating committee of the Board of Directors charged with oversight of audit operations, including appraising the performance of the CPA firm, financial reporting and disclosure. Committee members are drawn from members of the company's board of directors, with a Chairperson selected from among the committee members.

MWE

Classifications

Entity Type

Organization92%llm-generatedllm:claude-haiku-4-5

Sensitivity

Regulated85%llm-generatedllm:claude-haiku-4-5

Information Class

unclassified

Variants

plural
audit committees
possessive
audit committee's
pluralpossessive
audit committees'

Framework definitions

FFIEC IT Examination Handbook - Audit, April 20121 senseview framework →
§1
An operating committee of the Board of Directors charged with oversight of audit operations, including appraising the performance of the CPA firm, financial reporting and disclosure. Committee members are drawn from members of the company's board of directors, with a Chairperson selected from among the committee members.

Outgoing relationships

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This term is not the subject of any RDF-style relationship yet.

Incoming relationships

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No other term currently asserts a relationship to this one.