Committees: Board of Directors

Board members serve on committees to oversee and give guidance on different aspects of ADB's operations and governance.

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Audit Committee

The Audit 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 Terms of Reference   Outside Auditor Selection

Committee Members

Audit Committee (Composition as of 20 Jan 2021)
Chair Kris Panday Executive Director
Members Warotai Kosolpisitkul Executive Director
Takahiro Yasui Executive Director
Sergio Lugaresi Executive Director
Sameer Kumar Khare Executive Director
Executive Director for Suite 7 Executive Director

Email the committee or call + 632 8632 1552

Annual Reports of the Audit Committee