Register now or log in to join your professional community.
An audits committee is a committee comprising of- non executive directors which is able to view a company ,s affairs is detached & independent way and collaborate effectively between the main board of directors and external auditors
*Advantages:
IT may improve the quality of management accounting as it will placed to critisicise internal functions-
- It should lead to better communication between the directors, external auditors and management.
- Disadvantages:
* Fear that their purpose is to catch management out
*A two- tier board of directors
*Additional cost in terms. at least. of time involved
Agree with the above answer.
Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.