Business, Management and Accounting
8 years ago

Audit Committees Empower External Auditors to Safeguard Corporate Integrity

2 views
Journal for New Generation Sciences
The role of the audit committee in supporting the external auditor's independence and effectiveness
Benjamin Marx, Darlene Lubbe

Paper Summary

The article looks at how a strong audit committee can help external auditors do their job well and stay independent. The researchers studied reports and surveys from South Africa's top companies. They found that big companies' audit committees are starting to watch over external audits, but they don't talk about it enough in their yearly reports. This shows the importance of having audit committees and giving them a role in overseeing external audits, which is recommended by King III.

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