The Audit Committee is responsible for assisting the Board of Directors to fulfill its Charter-mandated responsibility of ensuring that ADB's financial reporting and internal controls, including audits, are adequate and undertaken efficiently. Thus, the Committee has an important role in ADB's internal financial governance.

In particular, the Committee

• advises on the appointment of ADB's independent Outside Auditor
• reviews the annual audit plan of the Outside Auditor
• reviews the annual audit plan of the internal General Auditor, who administratively reports to the President
• meets regularly with both the General Auditor and the Outside Auditor on audit findings and recommendations, financial systems and internal controls, accounting and auditing standards, and coordination of internal and outside audit plans and activities
• meets with the Controller, General Auditor, Outside Auditor and other ADB staff, as required, to review ADB's annual financial statements before these are published in the Annual Report
• reports to the Board at least annually on its activities and recommendations

Audit Committee

Composition as of 5 April 2013

Email the committee or call + 632 632 4901

Related Documents:

• Audit Committee's Terms of Reference
• Principles for Selection of Outside Auditor