(a) Up to 1 mark per well explained point.
– Non-executives will bring outside experience to the board
– The finance director will be able to raise concerns with the audit committee
– Improve the quality of the financial reporting
– Improve the internal control environment of the company
– Establishing an audit committee will improve the independence of internal audit
– Provide advice on risk management to the executive directors
– Responsibility for appointing and liaising with external auditors; reducing the work load of the finance director.

4
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