The article discusses corporate governance systems worldwide, focusing on audit roles and board oversight. It covers principles from organizations like the OECD, IMF, and World Bank, as well as specific practices in countries like the US, UK, and Japan. It also delves into internal audit processes, the impact of laws like Sarbanes-Oxley, and the future of auditing. The study highlights the importance of risk management, the role of audit committees in preventing management fraud, and the need for effective oversight to prevent corporate scandals.