Terms of Reference of the Audit Committee

Date: August 2010
Type: Board Documents
Subject:
ADB administration and governance

Description

The Audit Committee is a committee of the Board of Directors established pursuant to Section 12 of By-Laws of the Asian Development Bank (ADB). Its function is to assist the Board of Directors in carrying out its responsibilities as they relate to matters such as ADB’s financial reporting and audits, including internal controls and risk management, in line with Article 31 of the Agreement Establishing the Asian Development Bank. This document outlines the terms of reference of the Audit Committee.

Contents

  • Authority
  • Composition and Tenure
  • Meetings
  • Responsibilities
  • Administrative Arrangements