Critical Success Factors : How to Establish Advantageous Collaboration for both the Audit Committee and the External Audit

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 F. Sutter-Rüdisser
Date Deposited 01 Jul 2014 08:59
Last Modified 23 Aug 2016 11:19
URI: https://www.alexandria.unisg.ch/publications/232444

Download

Full text not available from this repository.

Citation

Sutter-Rüdisser, Michèle F. (2014) Critical Success Factors : How to Establish Advantageous Collaboration for both the Audit Committee and the External Audit. Audit Committee News, (46 / Q3). 4-7.

Statistics

https://www.alexandria.unisg.ch/id/eprint/232444
Edit item Edit item
Feedback?