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Audit Committee of Starbucks: Strengths, weaknesses

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Obtain and review the annual report of a public company and locate its audit committed charter. What are the key features of the charter? What are its strengths? What are the weaknesses?

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Solution Summary

Your tutorial is 343 words and gives six strengths and six weaknesses to get you started. The charter of Starbucks is attached.

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Key Features of the Audit Committee of Starbucks (from reviewing charter attached):

PURPOSE. The charter (attached in pdf) for Apple contains the committee's purpose, to assist the board in oversight of financial information, risk practices, and code of conduct.

COMPOSITION. The audit committee has three members who are independent of management and one of those must be a financial expert.

AUTHORITY. The audit committee can access any books and records and get access to anyone in management.

MEETINGS, ATTENDANCE, MINUTES. The members ...

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  • MSc, University of Virginia
  • PhD, Georgia State University
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