An independent audit committee is a fundamental component of a good corporate governance structure. Now in its third edition, Audit Committees provides a practical introduction to the role and responsibilities of an audit committee as well as explaining the context in which it typically operates. The guide assists audit committee members, risk and compliance managers and internal and external auditors. It demonstrates the interaction between:
- audit committees and internal and external auditors to achieve maximum value for the company and its shareholders
- audit committees, risk and compliance managers, and internal and external auditors for effective discharge of their responsibilities.
Since 2001, there has been increasing focus on corporate governance because of a number of high profile corporate failures. The importance of sound corporate governance has also increased due to regulatory reforms and increased shareholder activism. The profile of the audit committee has never been as prominent, nor its role as complex, as it is today. |