The audit committee is a committee of the board of directors. Its primary function is to assist the board in fulfilling its oversight responsibilities by reviewing the financial information which will be provided to the shareholders and others, the systems of internal controls which management and the board of directors have established, and the audit process.

This sample schedule provides an annual planner for audit committee activities and demonstrates how to schedule and track audit committee activities throughout the year. Using an annual planner helps ensure that required topics and issues are discussed and not overlooked.