The FACC is responsible for overseeing (integrity of the firm’s financial statements, (2) the firm’s compliance with legal, tax and regulatory requirements, (3) the external auditors’ qualifications and independence, (4) the performance and role of the firm’s internal audit function and the performance of the external auditors, (5) the firm’s capital structure, funding requirements and financial and risk policies, and (6) the firm’s implementation and maintenance of an integrity program and internal controls designed to mitigate integrity risk.