Factsheet - Audit Committee Chair Activities

Factsheet

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Author

IIA-Australia

Date

2025

Topics Explored

Audit Committee 

Format

Factsheet

Extract/Description

An independent audit committee is a fundamental component of good corporate governance for an organisation. An audit committee chair role should not be limited to 4–5 audit committee meetings per year - there are a range of activities for them to be involved in.

Key Points

1. Audit committee chair activities extend to stakeholder engagement, planning activities, committee membership maintenance, holding meetings and ensuring adequate performance.

Relevant Industries

All

Level of Assumed Knowledge

Expert

Aligned to Global Internal Audit Standards

Yes