Governance Toolkit / Board essentials
Board essentials · Editable Word document · FreeAudit Committee Charter (Word)
A ready-to-adapt charter covering composition, financial reporting, auditor oversight, internal controls, risk and whistleblower procedures.
Version 1.0 · Last updated
What it is
A ready-to-adapt charter covering composition, financial reporting, auditor oversight, internal controls, risk and whistleblower procedures. It is a plain Word file you can edit, brand and adapt.
Who it's for
Chairs, board secretaries.
When to use it
Use it when forming an audit committee, before a listing, or at the committee's annual charter review.
How to use it
- Replace the bracketed text with your company's details, such as the number of members and meetings.
- Compare the draft with your governing documents and any listing or regulatory standards that apply.
- Have the board approve the charter, then review it each year and record changes in the minutes.
Preview of contents
- 1. Purpose: The Audit Committee (the "Committee") of the Board of Directors of [Company] assists the Board in overseeing (a) the integrity of the…
- 2. Composition: At least [three] directors, each independent under applicable listing and regulatory standards.
- 3. Meetings: At least [four] times a year, and more often as needed.
- 4. Responsibilities: Financial reporting
- 5. Authority: The Committee may retain independent counsel, accountants or other advisers at the company's expense and has full access to company records and…
- 6. Annual review: The Committee reviews this charter and evaluates its own performance each year and reports the results to the Board.
Get the template
Download the templateWord (.docx), 37 KB
Check your inbox for the download link.
Review with counsel before adoption. Templates are general resources, not legal advice.