Independent audit committees help public sector organizations meet taxpayers’ increasing demands for transparency and accountability by providing oversight of management practices in key governance areas such as risk management, internal audit, value and ethics, governance, financial stability, and others. Strong audit committees build public trust and confidence in how organizations are managed and strengthen the independence and value of the internal audit activity.
This Global Public Sector Insight is designed to communicate the importance of independent public sector audit committees, the value they provide, and how an organization can properly establish an audit committee.