WK2AssgnPollT.docx Analyzing the Responsibility of the Audit Committee Walden University ACCT 6600: Managing Operational and Financial Business Risks 14:37:46 GMT -05:00 Risk management is an essential element of managing the operations of an organization or a business. Risk management is the manner of detecting, evaluating, and managing risk. The audit committee is responsible for ensuring and identifying the company's significant financial reporting and nonfinancial risks and ensuring that they are transparent and follow good systems in assessing their risks. This paper will discuss the range of risks an audit committee is responsible for and how they have changed since the establishment of Sarbanes-Oxley. The audit Committee has an increased role in making sure a company's financial report complies with the regulations and standards developed by GAAP, SEC, and NYSE rules. The major laws and re
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