audit committee
A board committee made entirely of independent directors that oversees financial reporting, internal controls and the outside auditor, whom it hires and fires; required for listing since Sarbanes-Oxley.
In SpanishEn español
comité de auditoría
Comité del consejo, íntegramente independiente, que vigila la información financiera, los controles internos y al auditor externo (lo contrata y lo despide). Obligatorio para cotizar desde Sarbanes-Oxley. En México: comité de auditoría de la LMV (arts. 25 y 42).
ExamplesEjemplos
- The audit committee met privately with the auditors before approving the annual report. El comité de auditoría se reunió a solas con los auditores antes de aprobar el informe anual.
AuthorityFuente: SOX § 301; Exchange Act Rule 10A-3
RelatedRelacionados: independent director, Sarbanes-Oxley Act (SOX, 2002), oversight (Caremark) duty
Cases: SEC v. DHB Industries (Point Blank) and its former outside directors
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