[neke]

@joharper87 said:
I agree with what everyone is saying with regards to the examiner not testing a bulk of the key areas that I had focused on most!

I found Q1 difficult, especially the public interest bit. What did everyone put for ways in which stakeholders increase their influence???

Don’t think CLARISSA suits the question.
The question asked for “roles’ of audit committee. What you wrote up there are the benefits of having an audit committee. The duties (roles) of the audit committee are:
1. Review financial statements
2. Review internal controls
3. Review internal audit
4. Review risk management
5. Relationship with external auditors
6. Investigation

[neke]

@vipulv said:
For Audit Commitee roles did people use this?

Role and function of an audit committee
? create a climate of discipline and control leading to a reduction of opportunities for fraud
? lend an air of credibility and objectivity in the fnancial statements thereby increasing public
confdence
? assist CFO by providing a forum
? review fnancial statements to improve the quality of reporting
? independent judgement
? strengthen position of the internal auditor
? strengthen position of the external auditor
? assist in the resolution of disputes between external auditor and executive board

This is what the tutor taught but Im not sure I did this correctly?

The question asked for “roles’ of audit committee. What you wrote up there are the benefits of having an audit committee/ The duties (roles) of the audit committee are:
1. Review financial statements
2. Review internal controls
3. Review internal audit
4. Review risk management
5. Relationship with external auditors
6. Investigation

[Author]

Posts