22 U.S.C. § 9651: Establishment of risk and audit committees

To assist the Board to fulfill its duties and responsibilities under section 9621(a) of this title , the Corporation shall establish a risk committee and an audit committee. formulating risk management policies of the operations of the Corporation; reviewing and providing guidance on operation of the Corporation’s global risk management framework; developing policies for enterprise risk management, monitoring, and management of strategic, reputational, regulatory, operational, developmental, environmental, social, and financial risks; developing the risk profile of the Corporation, including a risk management and compliance framework and governance structure to support such framework; and knowingly engaging in acts of corruption; knowingly providing material or financial support for terrorism, drug trafficking, or human trafficking; or responsible for ordering or otherwise directing serious or gross violations of human rights. the integrity of the Corporation’s financial reporting and systems of internal controls regarding finance and accounting; the integrity of the Corporation’s financial statements; the performance of the Corporation’s internal audit function; and compliance with legal and regulatory requirements related to the finances of the Corporation.