Understand the external auditors policy and the critical role of the audit committee in ensuring effective internal control processes. This policy applies to the board of directors, the audit committee and all company personnel. It is not intended to restrict the actions of the external auditors in any way.

In this sample, all company personnel should provide any information, documents and supporting materials as requested by the external auditors. The audit committee of the board and the board of directors should take all necessary steps to assure themselves that the financial statements of the company are complete and accurate in all material respects and that the internal control processes of the company are effective.