Board Audit Committee
E200941
The Board Audit Committee is a specialized oversight body within ICANN’s Board responsible for monitoring financial reporting, internal controls, and audit-related matters.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Board Audit Committee canonical | 1 |
Statements (44)
| Predicate | Object |
|---|---|
| instanceOf |
audit committee
ⓘ
board committee ⓘ |
| composedOf |
ICANN Board
ⓘ
surface form:
ICANN Board directors
|
| focusesOn |
accountability in use of ICANN funds
ⓘ
effectiveness of financial risk management controls ⓘ financial transparency ⓘ reliability of ICANN’s financial information ⓘ |
| governedBy | ICANN Board Audit Committee charter ⓘ |
| hasRole |
coordinating with other ICANN Board committees on risk and compliance issues
ⓘ
monitoring compliance with legal and regulatory requirements related to finance ⓘ monitoring effectiveness of internal control over financial reporting ⓘ monitoring integrity of financial statements ⓘ overseeing independence of external auditors ⓘ overseeing whistleblower and complaint procedures for accounting and auditing matters ⓘ oversight of audit-related matters ⓘ oversight of external audit ⓘ oversight of financial reporting ⓘ oversight of internal audit ⓘ oversight of internal controls ⓘ recommending appointment of external auditors ⓘ reviewing ICANN’s investment and cash management policies from a control perspective ⓘ reviewing annual financial statements ⓘ reviewing audit plans ⓘ reviewing audit results ⓘ reviewing internal control deficiencies ⓘ reviewing major financial risk exposures ⓘ reviewing management’s responses to audit findings ⓘ reviewing quarterly financial information ⓘ reviewing remediation plans for control weaknesses ⓘ reviewing significant accounting policies ⓘ |
| jurisdiction | global ⓘ |
| parentOrganization | Internet Corporation for Assigned Names and Numbers ⓘ |
| partOf |
ICANN Board
ⓘ
surface form:
ICANN Board of Directors
|
| purpose | to assist the ICANN Board in fulfilling its oversight responsibilities for financial reporting and audit processes ⓘ |
| reportsTo |
ICANN Board
ⓘ
surface form:
ICANN Board of Directors
|
| responsibleFor |
monitoring implementation of auditor recommendations
ⓘ
periodic private sessions with external auditors ⓘ periodic private sessions with internal audit function ⓘ reviewing ICANN’s annual independent financial audit ⓘ reviewing ICANN’s ethics and conflict-of-interest policies from a financial control perspective ⓘ reviewing policies for hiring staff from the external audit firm ⓘ reviewing significant financial reporting judgments ⓘ |
| scope | ICANN organization-wide financial reporting and controls ⓘ |
| sector | Internet governance ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.