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Discuss the benefits of forming an audit committee in an organization?

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تم إضافة السؤال من قبل Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
تاريخ النشر: 2016/11/26
Ryan Satsatin
من قبل Ryan Satsatin , Senior Accountant , Saudi Petrochemical Company

Forming an audit committee reinforce the function of internal audit department.  Concerns or issues raised in the audit report can be resolve in a timely manner if an audit committee is establish within an organization. It can also ensure that important audit values are keep and maintained such as the integrity and independence of the entity reviewing the audit reports.

Soliman Abd  ALmalak Gendy
من قبل Soliman Abd ALmalak Gendy , مدير ادارة مراقبة حسابات , الجهاز المركزى للمحاسبات

Benefits are: *To improve oversights over the city's financial and budgetary controls -To learn more about how is the city managed -To demonstrate leadership in ethics and accountability

Nazmul Islam CMA
من قبل Nazmul Islam CMA , Manager , Robi Axiatal Ltd.

An independent audit committee can ensure the carry out of audit neutrally & in an coordinated way to achieve the objective of audit to ensure the compliance of SOP in every stages of operation.

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