An audit committee receives many reports and does not always know what matters in them. We help it organise its work, ask for the right information and track what is closed and what is not.
That needs a charter and a working cycle.
Members read hundreds of pages.
Between the committee and the internal and external auditors.
The standing topics for each meeting.
A summary built for decision.
A register of what was opened and what was closed.
Updated.
For meetings.
And tracking register.
And ask members what is missing.
And try them at a meeting.
And adjust after two cycles.