Question 3c
Marking Guide
up to 1 mark per well explained point | |
improve the quality of the financial reporting | |
improve the internal control environment of the company | |
non-executives will bring outside experience to the executive directors | |
the finance director will be able to raise concerns with the audit committee | |
the audit committee will be responsible for appointing the external auditors | |
establishing an audit committee will improve the independence of ia | |
provide advice on risk management to the executive directors | |
max marks | 4 |