(Solution) - Internal auditors are meeting regularly with audit committees R -(2025 Original AI-Free Solution)

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Internal auditors are meeting regularly with audit committees.

Required
a. What is an audit charter? Why is it important that an audit charter be approved by the Board of Directors?
b. Select a publicly-traded company and find their proxy statement. Determine if they describe the internal audit charter in the proxy statement. Prepare a summary of the charter and present the summary to class.
c. Select a publicly-traded company and find their proxy statement. Determine how often the audit committee meets with the internal audit department.