text: In that respect , the role of the audit committee , which in some cases has not been very active or effective in its oversight of management or auditors as related to financial reporting , is evolving into not just financial management oversight , but the overall aspects of the company 's financial reporting , such as releases on earnings expectations and quarterly financial reports .
  
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  The audit committee is evolving to include more than financial management oversight because it has a history of serving the company effectively when overseeing management and auditors as related to financial reporting .