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The UK Corporate Governance Portal - Guidance for audit committees

Corporate government portal

Contacts

The responsibilities of the audit committee include reviewing the company’s internal financial controls, monitoring and reviewing the effectiveness of the company’s internal audit function and reviewing and monitoring the effectiveness of the external audit process. The Financial Reporting Council has published guidance to assist company boards when implementing the sections of the UK Corporate Governance Code dealing with audit committees and to assist directors serving on audit committees in carrying out their role.

Guidance

Financial Reporting Council and BIS reviews

Review of the Competition & Markets Authority (formerly Competition Commission)