The independence of the Audit Committee has to be strengthened and its capabilities for understanding complex financial structures and transactions improved by the mandatory inclusion of at least one financial expert. The urgency for compliance and transparent disclosure has resulted in many large organizations making the Audit Committee responsible for overseeing the implementation of Sarbanes Oxley provisions. This component is intended to set out the main requirements brought about through the Act in so far as it pertains to the activities of the Audit Committee. It also provides an insight into the key activities that an Audit Committee member should be familiar with.