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  2. Audit and risk committees are integral to the scrutiny and challenge process. They advise boards and accounting officers on matters of financial accountability, assurance and governance, and can support organisations, providing expert challenge, helping organisations focus on what is important, and how best to manage risk.
    www.nao.org.uk/insights/guidance-for-audit-and-ris…
    The audit committee appoints, oversees, and compensates the independent auditor. Several national exchanges – such as NASDAQ and NYSE – list various ways of communications to be followed by the audit committee while overseeing independent auditors.
    corporatefinanceinstitute.com/resources/accountin…
    The Commission’s principal duties under the Acts are to examine the National Audit Office Estimate and lay it before the House, to consider reports from the appointed auditor of the National Audit Office and to appoint non-executive members of the National Audit Office Board.
    committees.parliament.uk/committee/207/public-ac…
     
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