https://www.taxtmi.com/article/detailed?id=5696 Specified public and listed companies must constitute an Audit Committee with at least three directors and a majority of independent directors; the committee recommends auditor appointment and remuneration, reviews auditor independence and audit effectiveness, examines financial statements, approves related party transactions, scrutinises inter corporate loans and investments, evaluates internal financial controls and risk management, monitors end use of public offer funds, may call for auditors' comments and investigate matters within its functions, and the board must disclose the committee's composition and reasons for not accepting its recommendations. en-us Tue, 01 Jul 2014 12:21:47 +0530 Tue, 01 Jul 2014 12:21:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5696 Specified public and listed companies must constitute an Audit Committee with at least three directors and a majority of independent directors; the committee recommends auditor appointment and remuneration, reviews auditor independence and audit effectiveness, examines financial statements, approves related party transactions, scrutinises inter corporate loans and investments, evaluates internal financial controls and risk management, monitors end use of public offer funds, may call for auditors' comments and investigate matters within its functions, and the board must disclose the committee's composition and reasons for not accepting its recommendations. Articles Corporate Laws / IBC / SEBI Tue, 01 Jul 2014 12:21:47 +0530 https://www.taxtmi.com/article/detailed?id=5696