Audit Committee - Charter - Advanced Bioenergy (ABE) - dated 3-06

Click Here & UpgradeExpanded FeaturesUnlimited PagesPDFCompleteDocumentsADVANCED BIOENERGY, LLCCHARTER OF THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORSI. PurposeThe Audit Committee (“Committee”) is appointed by the Board of Directors (“Board”) ofAdvanced BioEnergy, LLC (the “Company”) to assist the Board in fulfilling its oversightresponsibilities. The primary duties and responsibilities of the Audit Committee are to:• Monitor the integrity of the Company’s financial reporting process and systems ofinternal controls regarding finance, accounting, legal and regulatory compliance;• Appoint, compensate, retain and monitor the independence and qualifications ofthe Company’s independent auditors (also referred to herein as external auditors);• Monitor the performance of the Company’s internal audit function andindependent auditors;• Provide an avenue of communication among the independent auditors,management, and the Board; and• Prepare an Audit Committee report as required by the Securities and ExchangeCommission (“SEC”) to be included in the Company’s annual proxy statement.II. AuthorityThe Committee shall have the authority to conduct or authorize any investigationappropriate to fulfill its responsibilities, and is empowered to:• Appoint, compensate, retain and oversee the work of the public accounting firmemployed by the Company to conduct the annual audit who shall report directly tothe Committee;• Retain independent counsel and other advisers ...