Check your policies, but historically none of mine did. ($500 million OCC bank) Not even IS or BSA. The full board received an update from the AC Chair and a copy of the minutes each quarter. Our external auditors did meet with them annually at a meeting to discuss the audited financials at a summary level, but the detail was provided to AC.
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I don't need any more negativity in my life...be positive and helpful people or I will kick you in the shins!!!