ACCOUNTABILITY The Committee shall report its discussions to the Board by oral or written report at the next Board meeting. TIMETABLE Q1 Q2 Q3 Q4 3.1 Financial Statements and other Financial Information 1. review and recommend: audited financial statements review and recommend approval of content of Annual Report c) review and discuss current accounting policies and financial reporting practices 2. review and discuss management’s key estimates and judgments that may be material to the financial reporting. 3.2 3.3 Risk Management, Internal Control and – Information Systems review company and mitigation strategies review internal control systems review adequacy of accounting and finance resources. 3.4 External Audit review & recommend engagement of external auditor review external audit plan meet with auditor to discuss: a) annual financial statements b) auditor’s report review planning, conduct & reporting of annual audit and advise Board review auditor’s evaluation of internal controls, procedures and documentation
ACCOUNTABILITY The Committee shall report its discussions to the Board by oral or written report at the next Board meeting. TIMETABLE Q1 Q2 Q3 Q4 3.1 Financial Statements and other Financial Information 1. review and recommend: audited financial statements review and recommend approval of content of Annual Report c) review and discuss current accounting policies and financial reporting practices 2. review and discuss management’s key estimates and judgments that may be material to the financial reporting. 3.2 – 3.3 Risk Management, Internal Control and Information Systems review company and mitigation strategies review internal control systems review adequacy of accounting and finance resources. 3.4 External Audit review & recommend engagement of external auditor review external audit plan meet with auditor to discuss: a) annual financial statements b) auditor’s report review planning, conduct & reporting of annual audit and advise Board review auditor’s evaluation of internal controls, procedures and documentation
Board-Governance-for-Early-Stage-Technology-Companies-complete.docx