; (B) knowingly providing material or financial support for terrorism, drug trafficking, or human trafficking; or (C) responsible for ordering or otherwise directing serious or gross violations of human rights. (c) Duties and responsibilities of audit committee Subject to the direction of the Board, the audit committee established under subsection (a) shall have the oversight responsibility of— (1) the integrity of the Corporation’s financial reporting and systems of internal controls regarding finance and accounting; (2) the integrity of the Corporation’s financial statements; (3) the performance of the Corporation’s internal audit function; and (4) compliance with legal and regulatory requirements related to the finances of the Corporation. 1442. Performance measures, evaluation, and learning (a) In general The Corporation shall develop a performance measurement system to evaluate and monitor projects supported by the Corporation under title II and to guide future projects of the Corporation. (b) Considerations In developing the performance measurement system required by subsection (a), the Corporation shall— (1) develop a successor for the development impact measurement system of the Overseas Private Investment Corporation (as such system was in effect on the day before the date of the enactment of this Act); (2) develop a mechanism for ensuring that support provided by the Corporation under title II is in addition to private investment; (3) develop standards for, and a method for ensuring, appropriate financial performance of the Corporation's portfolio; and (4) develop standards for, and a method for ensuring, appropriate development performance of the Corporation’s portfolio, including— (A) measurement of the projected and ex post development impact of a project