Write short notes on the following: Discuss the Review of Information by Audit Committee for Corporate Governance in Public Sector Enterprises.

Review of information by Audit Committee: The Audit Committee shall review the following information: Management discussion and analysis of financial condition and results of operations. Statement of related party transactions submitted by management. Management letters/letters of internal control weaknesses issued by the statutory auditors. Internal audit reports relating to internal control weaknesses. The appointment and removal of the Chief Internal Auditor shall be placed before the Audit Committee. Certification/declaration of financial statements issued/signed by the Chief Executive/Chief Finance Officer.