Report to client on audit committees

Professional marks to be awarded for format (heading, introduction, conclusion) – 1 mark, and clarity of explanation, use of language appropriate to client – 1 mark.

Generally 1 mark for each comment from list below:

Benefits and drawbacks

– Increase confidence/credibility
 – Stronger control environment 
 – Bring external experience/expertise
 – Provide impartial consultation
 – Easier to raise finance/gain listed status
 – Problems in recruitment
 – Expense

Max marks 4