Audit committees should not only oversee both internal and external auditors, but also be proactively involved in understanding issues related to the complexity of the business, and, when appropriate, challenge management through discussion of choices regarding complex accounting, financial reporting, and auditing issues.
( ( Audit committees ) ( ( ( ( should not ) only ) ( ( ( ( ( oversee ( both ( internal ( and ( external auditors ) ) ) ) ) , ) but ) also ) ( be ( proactively ( involved ( in ( ( understanding ( ( ( ( ( issues ( related ( to ( ( the complexity ) ( of ( the business ) ) ) ) ) ) , ) and ) ( , ( ( when appropriate ) , ) ) ) ( challenge management ) ) ) ( through ( discussion ( of ( choices ( regarding ( ( ( ( ( ( complex accounting ) , ) ( financial reporting ) ) , ) and ) ( auditing issues ) ) ) ) ) ) ) ) ) ) ) ) ) ) . ) )
(ROOT (S (NP (NNP Audit) (NNS committees)) (VP (MD should) (RB not) (ADVP (RB only)) (VP (VP (VB oversee) (NP (DT both) (JJ internal) (CC and) (JJ external) (NNS auditors))) (, ,) (CC but) (ADVP (RB also)) (VP (VB be) (ADJP (RB proactively) (VBN involved) (PP (IN in) (S (VP (VBG understanding) (NP (NP (NP (NNS issues)) (VP (VBN related) (PP (TO to) (NP (NP (DT the) (NN complexity)) (PP (IN of) (NP (DT the) (NN business))))))) (, ,) (CC and) (PRN (, ,) (FRAG (WHADVP (WRB when)) (ADJP (JJ appropriate))) (, ,)) (NP (NN challenge) (NN management))) (PP (IN through) (NP (NP (NN discussion)) (PP (IN of) (NP (NP (NNS choices)) (PP (VBG regarding) (NP (NP (JJ complex) (NN accounting)) (, ,) (NP (JJ financial) (NN reporting)) (, ,) (CC and) (NP (NN auditing) (NNS issues))))))))))))))) (. .)))
The audit committees are used to look into the financial aspects of certain businesses.
( ( The ( audit committees ) ) ( ( are ( used ( to ( look ( into ( ( the ( financial aspects ) ) ( of ( certain businesses ) ) ) ) ) ) ) ) . ) )
(ROOT (S (NP (DT The) (NN audit) (NNS committees)) (VP (VBP are) (VP (VBN used) (S (VP (TO to) (VP (VB look) (PP (IN into) (NP (NP (DT the) (JJ financial) (NNS aspects)) (PP (IN of) (NP (JJ certain) (NNS businesses)))))))))) (. .)))