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An audit committee is a group of independent directors responsible for overseeing financial reporting and disclosure processes within a company. This committee is tasked with ensuring the accuracy and integrity of the company's financial statements, as well as compliance with regulatory requirements and internal controls. The audit committee also appoints and works closely with external auditors to review the company's financial practices and reporting. Additionally, the audit committee plays a key role in assessing and managing risks related to financial matters, as well as providing oversight of the company's internal audit function.