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Audit Committee

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I have to answer the questions below in 250 words. I have been reading the chapter and don't fully understand these questions.

What is an audit committee? What is the function of an audit committee? How does an audit committee w/in your organization, or an organization that you are familiar with go about insuring compliance with Securities Exchange Commission (SEC) regulations?

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What is an audit committee? What is the function of an audit committee? How does an audit committee w/in your organization, or an organization that you are familiar with go about insuring compliance with Securities Exchange Commission (SEC) regulations?

An audit committee is composed of a group of independent persons (persons not in employment of the company) which acts as an interface between the board of directors and the management of a company.
An audit ...

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