Publisher one

Genie AI

Jurisdiction

England and Wales

Contract party

Relevant sectors

Business activity

Audit committee terms

Why use a 📃 Audit committee terms of reference?

The audit committee terms of reference covers the committee's purpose, responsibilities, and composition. The committee's purpose is to oversee the financial reporting process and the audit of the financial statements. The responsibilities of the committee include selecting the independent auditor, reviewing the independent auditor's report, and monitoring the auditor's independence. The composition of the committee should be determined by the board of directors.

This legal template pertains to an executive summary for the audit committee of premium-listed companies in the UK, specifically regarding tax year 2019 and beyond. It outlines the terms of reference that the audit committee must adhere to while fulfilling their responsibilities related to auditing and taxation.

The executive summary encompasses crucial information regarding tax-related matters for premium-listed companies, highlighting legislative changes and regulatory requirements specific to the tax year 2019 and beyond. This summary aims to provide a comprehensive overview of the committee's role and responsibilities in facilitating effective tax planning, compliance, and risk management within the organization.

It may include guidelines on conducting regular tax audits, ensuring accurate and timely tax reporting, and implementing adequate internal controls to minimize the risk of non-compliance or inaccuracies in tax filings. Additionally, this template might outline the committee's obligation to review and approve tax strategies, identify potential tax-saving opportunities, and assess any potential risks associated with tax planning decisions.

Furthermore, the executive summary could encompass the audit committee's role in overseeing the company's relationship with external tax advisors, ensuring their independence and competence in providing advice and opinions on tax matters. The summary may also address the committee's responsibility to monitor the company's tax-related litigation or disputes and ensure that appropriate disclosure and provisions are made in financial statements.

Overall, this legal template serves as a framework to guide the audit committee of premium-listed companies in fulfilling their obligations under UK law concerning tax-related matters, specifically for the tax year 2019 and beyond. It strives to ensure transparency, compliance, and effective risk management in relation to taxation within the organization.

How it works

Create doc / use template

Chat to our AI Legal Assistant

Edit, collaborate & share

Export to .docx

PRODUCT HUNT
#1 Product of the Day

Try using Genie's Free AI Legal Assistant

Generate quality, formatted contracts with AI

Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs

Let our Legal AI make 
edits for you

Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.

AI review

Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs

See Genie AI in action

Book your personalised demo now

Schedule a live, interactive demo with a Genie expert
Understand the most valuable features of Genie based on your workflow
Find out exactly how your business will benefit, from hours saved to faster revenue



Click here to book your personalised demo now.

Thank you for requesting a demo. You can book one immediately using the following link if you'd like to: https://bit.ly/GenieAIDemo

If you'd like to, you can now fill in our ROI calculator - you'll get instant results, which we'll use to make your demo even more specific.

Calculate now
Oops! Something went wrong while submitting the form.



Click here to book your personalised demo now.

Similar legal templates

Standard Employer Response To Pregnancy And Maternity Discrimination (ET3 Unfair Dismissal)

This legal template is specifically designed to address the issue of pregnancy and maternity discrimination in the workplace under UK law. It is intended for use by employers who have received an employment tribunal claim (ET3) for unfair dismissal based on pregnancy or maternity-related discrimination allegations.

The template serves as a standard response by the employer, outlining their position and defense against the claim. It typically includes sections to address key elements of the claim, such as establishing the employer's awareness of the employee's pregnancy, the reasons for any dismissal or unfavorable treatment, and the employer's adherence to relevant legal obligations and policies.

The response also provides an opportunity for the employer to present evidence, whether in the form of documentation or witness statements, that supports their position and refutes the discrimination allegations. This may include details of performance issues, business restructuring, or any other legitimate reasons justifying the employer's actions.

The template aims to help employers ensure that their response is comprehensive, well-structured, and in compliance with UK employment law. It provides a starting point for framing the employer's position and helps ensure that they address all relevant legal requirements and arguments essential to their defense against the unfair dismissal claim based on pregnancy and maternity discrimination.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
10
RATINGS
2
DISCUSSIONS
2

Claimaint's Schedule Of Loss (Unfair Dismissal)

The legal template, "Claimant's Schedule of Loss (Unfair Dismissal) under UK law", is a document specifically designed for individuals who have been unfairly dismissed from employment in the United Kingdom. This template aims to assist claimants in accurately presenting their financial losses and related damages in a structured manner when filing a claim for unfair dismissal.

Unfair dismissal refers to the termination of an employee's contract without reasonable justification or due process, violating their employment rights as established by UK employment law. The schedule of loss is an essential component of an unfair dismissal claim, outlining the financial losses incurred by the claimant as a direct result of their dismissal.

This legal template provides a standardized format and guideline for claimants to document their losses accurately. It assists claimants in calculating and detailing various elements such as loss of earnings, including projected future earnings, loss of benefits or bonuses, and any financial impact resulting from the dismissal, such as loss of pension contributions or health insurance coverage.

Additionally, the template helps claimants list other potential losses, including expenses incurred due to job search or retraining for alternative employment, costs related to legal advice or representation, and any other relevant financial losses resulting from the unfair dismissal.

By utilizing this template, claimants can ensure that they present a comprehensive and clear representation of the financial losses they have suffered due to their unfair dismissal. This can significantly strengthen their case and provide a basis for seeking appropriate compensation or reinstatement during legal proceedings or negotiations.

It is important to note that while this legal template offers general guidance, individual circumstances and specific legal advice should also be considered to tailor the schedule of loss to specific cases of unfair dismissal under UK law.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
10
RATINGS
4
DISCUSSIONS
0

Contract Extension Letter (Public Procurement Regime)

A Contract Extension Letter (Public Procurement Regime) under UK law is a legal template that outlines the agreed-upon extension of a contract between a public authority or governmental body and a private entity, governed by the regulations and guidelines set forth in the UK public procurement regime.

This template serves as a formal document to facilitate the extension of a contract beyond its original expiration date, ensuring compliance with relevant legislation and keeping both parties legally protected. It includes essential details such as the names and addresses of the parties involved, the original contract's reference number, and the specific terms of the proposed extension.

The contract extension letter also specifies the reasons for the extension, highlighting any circumstances or situations that necessitate the continuation of the contractual arrangement. Furthermore, it outlines the new agreed-upon duration, revised milestones, and the terms and conditions of the extended contract, including any changes in pricing or deliverables.

In adhering to the legal framework of the UK public procurement regime, this template ensures that both parties understand the obligations, liabilities, and rights associated with the extended contract. It enables clarity and transparency throughout the extension process, minimizing potential disputes and facilitating a smooth transition while upholding fairness, accountability, and compliance with the applicable legal requirements.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
12
RATINGS
2
DISCUSSIONS
1