The will have no distinctive importance in assisting

The Audit Committee of the board of
directors, which is a sub-committee made up of boards members who are not
officers or employees of the company. 
The committee representatives will have no distinctive importance in assisting
the financial representation of management, and this provide them with the independence
necessary to assist as participant of the board of directors that are neutral
in the day-to-day operations, hire and fire the outside auditors, receive their
repots and communications, and supervise the internal audit role of the
company.  Non-issuers companies that are
not mattered to their requirements of Sarbanes-Oxley (SOX) may not have an
audit committee.  When that is the circumstance,
the audit committee is should be the individual or individuals who manage the
accounting and financial reporting processes for the company and manages the
audit.