The Audit Committee (AC) is established by the board of supervisors )BOS( in accordance with the banking law of Afghanistan to Assist the board in overseeing the effectiveness independence and performance of the internal Audit function the internal control system the risk management framework and the overall governance of the bank.

Committee’s Main Roles and Responsibilities

1.      Review and recommend Approval of the Audit Charter to the board.

2.      Approve Resources and Budget and risk based internal Audit Plan ensuring Plan alignment with             bank strategy and regulatory requirements.

3.      Review and evaluate the bank’s policies regarding internal controls and make recommendations for  their during BOS meetings as Audit Committee members serve on the BOS and perform this function within the board Decision- Making process.

4.      Oversee this implementation and Maintenance of the bank’s management board.

5.      Ensuring that internal Control system are adequate and effective.

6.      Review internal Audit Report, Significant findings and Management action plans, including IT, CBS and ADC audits.

7.      Monitor timely implementation of Audit plan audit recommendations and reports delays to the board.

8.      Ensure the independence objectivity and adequate resourcing of the internal Audit function.

9.      Recommends External Auditor to BOS Review the External Auditors scope Audit Results and management letter.

10.  Review financial Statement before the statement are approved by the BOS.

11.  Discuss with the bank’s external auditors about the annual audit of the bank’s financial statement.

12.  Review any significant disagreement among Management and the external Auditor concerning the preparation of the financial statements.

13.  Monitor management’s response to External Auditor and DAB supervisory observations.

14.  Recommend appointment, removal, performance evaluation and remuneration of chief internal Auditors (CIA).  

Member’s
☑ Mr. Hamid Nooryar (Chairman)
☑ Mr. Obaidullah Abid (Member)

☑ Mr. Farhad Sallihi (Member)