| Item Type |
Journal paper
|
| Abstract |
As the capital markets continue to digest various corporate governance reforms, audit committees have been forced to refine - some would even say to redefine - their role. Quite fundamentally, the corporate governance system today expects more from an audit committee than it ever has: Audit committee members are not only considered to help managing financial, operational and compliance risks by means of enhancing the quality of financial reporting, but viewed as essential assurance providers that play an important role in the governance of a company.
This article illustrates that good corporate governance appears to be enhanced if increased interaction and communication occurs among the essential players of the governance mosaic; including the audit committee and the external audit as increased interaction may improve financial literacy, provide better understanding of management's intentions, mitigate the influence of insider directors, and augment financial reporting quality and overall involvement.
http://www.kpmg.com/CH/en/auditcommittee/newsletter/Documents/pub-20140625-ac-news-46-article-01-en.pdf |
| Authors |
Sutter-Rüdisser, Michèle F. |
| Journal or Publication Title |
Audit Committee News |
| Language |
English |
| Keywords |
Audit Committee, Board of Directors, Board, External Audit, External Audting, Success Factors, Collaboration between Audit Committee and External Audit, Corporate Goverannce |
| Subjects |
business studies |
| HSG Classification |
contribution to practical use / society |
| Refereed |
No |
| Date |
1 June 2014 |
| Publisher |
KPMG's Audit Committee Institute |
| Place of Publication |
Zürich |
| Number |
46 / Q3 |
| Page Range |
4-7 |
| Number of Pages |
4 |
| Depositing User |
Prof. Dr. Michèle Florence Sutter Rüdisser
|
| Date Deposited |
01 Jul 2014 08:59 |
| Last Modified |
20 Jul 2022 17:20 |
| URI: |
https://www.alexandria.unisg.ch/publications/232444 |
Critical Success Factors : How to Establish Advantageous Collaboration for both the Audit Committee and the External Audit
