An Audit Committee is a group within an organization, typically part of the board of directors, responsible for overseeing financial reporting and disclosure. Its main role is to ensure that the organization’s financial statements are accurate and comply with relevant laws and regulations. The committee also monitors the effectiveness of internal controls and risk management processes. The Audit Committee often works closely with external auditors, who are independent professionals that review the organization’s financial records. This collaboration helps to enhance transparency and accountability, ensuring that stakeholders, including investors and regulators, can trust the financial information provided by the organization.