What goes to Audit committee?

Can anyone point me to a reference as to what the Board Audit committee is required to see?? or a list of suggested things?

I meet with my AC quarterly and here's what I report.

Internal audits peformed during the quarter, with management response.

Compliance audit performed during the quarter.

Audit response matrix updates

Annual audit schedule progress report.

This was a typical agenda for our committee:

*Minutes of the last meeting
*Audit Reports issued since the last meeting
*Open audit issues (those not resolved)
*Status of annual audit plan
*Compliance Officer's report
*Litigation report (quarterly)
*Officers' travel/entertainment expenses (quarterly)

Our meeting agenda is pretty much like PWT's. We also let the Committee know of any audit seminars/training attended, and a heads up on any changes in regulatory requirements that will impact our audit procedures and schedule. Any examiner comments or report findings concerning the Audit Department are also discussed.

Plus when our bank adds new services/departments (such as Internet Banking and the Secondary Mortgage Dept), we also give them a heads up that these areas have to be added to the schedule and the anticipated amount of time it will take to audit these areas.

I have a checklist (internally developed) of what our audit committee wants to see and when, but it is largely driven based on our listing requirements with NASDAQ and for SOX. Other than that it is the usual Internal Audit Reports, and whatever else they request.