What does the Audit Committee primarily review?

The Audit Committee primarily reviews investment reports and financial statements to ensure accurate financial reporting and compliance with applicable regulations and standards. This function is vital because it allows the organization to maintain transparency and accountability in its financial practices, which is crucial for trust from stakeholders and regulatory bodies.

The committee’s focus on financial statements involves examining the organization's financial health, checking how funds are managed, and ensuring resources are used effectively. Regular review of investment reports helps in assessing financial strategies, risk management, and overall investment performance. This scrutiny ensures that any potential financial issues are identified and addressed promptly, thereby safeguarding the organization’s resources and promoting fiscal responsibility.

In contrast, consumer complaints focus more on customer service and satisfaction rather than financial stewardship. Marketing strategies, while important for the overall direction of an organization, do not fall under the purview of the Audit Committee. Similarly, the performance of the Registrar is more aligned with operational and regulatory aspects rather than the financial oversight for which the committee is responsible.