AUDIT COMMITTEE
The Audit Committee assists the Board in fulfilling its oversight responsibilities for management and financial reporting processes, the system of internal control, the maintenance of effective internal and external audit processes, and the Corporation’s process for monitoring compliance with laws and regulations. The committee has three members, all of whom are independent directors. Lopez Inc. serves as the internal auditor of the Corporation.
The Audit Committee met four (4) times in 2019. The Audit Committee approved the audit services conducted by the external auditor, Sycip Gorres Velayo & Co. in 2019.
Click here for the Audit Committee report for the year ended 2019
Members
Cesar E. A. Virata – Chairman
Monico V. Jacob – Member
Lilia R. Bautista – Member
Attendance of Members in Audit Committee Meetings
2019 |
Apr 15 |
May 18 |
Aug 11 |
Nov 15 |
Cesar E.A. Virata |
P |
P |
P |
P |
Monico V. Jacob |
P |
P |
A |
P |
Lilia R. Bautista |
P |
P |
P |
P |
A – ABSENT P – PRESENT
Audit Committee Charter
Internal Audit Charter
Audit Committee Performance Assessment Questionnaire
Internal Audit Head Performance Assessment Questionnaire