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))))))))))))))) (. .)))
Audit committees are not concerned with the oversight into internal and external auditors.
( ( Audit committees ) ( ( ( are not ) ( ( concerned ( with ( the oversight ) ) ) ( into ( internal ( and ( external auditors ) ) ) ) ) ) . ) )
(ROOT (S (NP (NNP Audit) (NNS committees)) (VP (VBP are) (RB not) (VP (VBN concerned) (PP (IN with) (NP (DT the) (NN oversight))) (PP (IN into) (NP (JJ internal) (CC and) (JJ external) (NNS auditors))))) (. .)))