audit committee

(3) Audit committee The term “audit committee” means— (A) a committee (or equivalent body) established by and amongst the board of directors of an issuer for the purpose of overseeing the accounting and financial reporting processes of the issuer and audits of the financial statements of the issuer; and (B) if no such committee exists with respect to an issuer, the entire board of directors of the issuer.


15 USC § 7201(3)

Scoping language

None identified, default scope is assumed to be the parent (chapter 98) of this section.
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