As an expert being an external auditor my first and foremost job is to

Planning :- Making a audit plan after a study of organization and its structure.
System testing:- Analysis and review of systems of accounting and internal
control
Substantive testing: Testing arithmetical accuracy of records and collection and
evaluation of evidence in support of transactions , verification of state of affairs
disclosed by the balance sheet and profit or loss disclosed by profit and loss
account.
Audit report preparation of aduit report, expressing opinion whether accounts
present a true and fair view.
Important function of audit are
To review systems and procedures of business
To examine documentary evidence to established the accuracy of recorded
transaction.
To review the system of accounting and internal control
To verify the valuation and existences of assets
Reporting as to what extend, accounts exhibit truth and fairness.
To make recommendations for improvement in internal control and accounting
system
Yes the audit committee is necessary in an organization there are numerous
advantage of having accounting records audited no matter whether there is no
legal requirement of audit
Detection and prevention of errors and frauds became easier