Those charged with governance
Those charged with governance are the persons or organisations responsible for overseeing an entity’s strategic direction and accountability obligations, including financial-reporting oversight. Depending on the entity, they may be directors, an audit committee or other persons.
Worked example
The auditor discusses significant audit findings with the board’s audit committee when it has the relevant oversight role.
Common mistake
Do not assume those charged with governance and management are always identical or always entirely separate.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AA | Direct | September 2026–June 2027 |