search query: @author Vinten, G. / total: 6
reference: 3 / 6
| Author: | Vinten, G. Lee, C. |
| Title: | Audit committees and corporate control |
| Journal: | Managerial Auditing Journal (IAE)
1993 : VOL. 8:3, p. 11-24 |
| Index terms: | AUDITING COMMITTEES COMPANY CONTROL |
| Language: | eng |
| Abstract: | There is no one best way to discharge director's responsibilities. The creation of audit committees represents a step forward to provide assistance in the right direction. The oversight functions of audit committees can be divided into five main basic areas: review of the internal audit department; review of the annual reports and the results of the audit; selection and appointment of external auditors; review of the internal accounting control and safeguard of corporate assets. The effectiveness of the audit committee may be threatened if it becomes a victim of its own success. The conduct of the audit committee must always maintain the advisory and oversight role delegated by the board. |
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