The Australian Securities Exchange (ASX) Corporate Governance Council’s Corporate governance principles and recommendations with 2010 amendments, provides some important guidelines for best practice in corporate governance for all companies, including the importance of the Audit Committee. With reference to these principles, discuss why they are relevant when planning the audit and how the adoption of all eight ASX corporate governance principles by the company being audited will affect the auditor’s risk assessment. Also, discuss the role of the Audit Committee.
The Australian Securities Exchange (ASX) Corporate Governance Council’s Corporate governance principles and recommendations with 2010 amendments, provides some important guidelines for best practice in corporate governance for all companies, including the importance of the Audit Committee. With reference to these principles, discuss why they are relevant when planning the audit and how the adoption of all eight ASX corporate governance principles by the company being audited will affect the auditor’s risk assessment. Also, discuss the role of the Audit Committee.
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter2: The Auditor’s Responsibilities Regarding Fraud And Mechanisms To Address Fraud: Regulation And Corporate Governance
Section: Chapter Questions
Problem 24RQSC
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The Australian Securities Exchange (ASX) Corporate Governance Council’s Corporate governance principles and recommendations with 2010 amendments, provides some important guidelines for best practice in corporate governance for all companies, including the importance of the Audit Committee. With reference to these principles, discuss why they are relevant when planning the audit and how the adoption of all eight ASX corporate governance principles by the company being audited will affect the auditor’s risk assessment. Also, discuss the role of the Audit Committee.
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