Recommendations for Audit Committees

These recommendations are intended for use by all companies that are public-interest entities  and, by analogy, by companies that have set up audit committees (hereafter also AC). The guidelines are also appropriate for other companies in which the functions of an AC are to be undertaken by the supervisory board , or members of the board of directors in companies with a one-tier system of governance. Even though guidelines do not contain detailed specific features of sectoral legislation (e.g. Banking Act ZBan-2), these will be pointed out in the relevant sections below.