Are your governance documents precise enough to stand up in an LP meeting—or a regulator’s file review? In this lesson, you’ll learn to replace vague, soft phrasing with audit-ready language for a Valuation Committee Charter and audit independence framework that directs behavior, proves evidence, and preserves skepticism. Expect clear, senior-level explanations, investor-ready examples and snippets, plus targeted exercises (MCQs, fill‑in‑the‑blank, error correction) to harden cadence, thresholds, and documentation. Finish with wording you can drop into charters and policies with confidence.