Committees: Board of Directors

Audit & Risk Committee

The Audit & Risk Committee is responsible for assisting the Board of Directors to fulfill its responsibility of ensuring that ADB's financial reporting and internal controls, including audits, are adequate and undertaken efficiently.

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

Committee Members

Email the committee or call + 632 8632 1552