If the employee is unable to provide the required proof of authorization to work and identity document, the employer must terminate the employee. Employers can verify an employeeâs social security number by calling the SSA at 1.800.772.6270.
Definition of audit committee. An audit committee is a selected number of members of a companyâs board of directors whose responsibilities include helping auditors remain independent of management. Most audit committees are made up of three to five or sometimes as many as seven directors who are not a part of company management.
On the face of it, boards would seem to have great leeway in filling the audit-chair role. SEC rules specify only that the committee consist of three independent members, all of whom are âfinancially literate,â as determined by the company itself.