Banking · Board Committees
Audit committees are regarded as a central pillar of board-level oversight in banks because they strengthen discipline in reporting, controls, and review. Their principal role is to:
- 1Sanction every large loan proposal directly
- 2Approve branch expansion and marketing plans
- 3Decide all treasury investment strategies independently
- 4Oversee financial reporting, internal controls, and audit processes✓
Correct answer
Oversee financial reporting, internal controls, and audit processes
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