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Audit and remuneration committee

PPri195y ago
I cant understand remuneration and audit committee?
PPri195y ago#1
Hello sir, can you please reply
kengarrettkengarrettTutor5y ago#2
Sorry for the delay. The Remuneration Committee is a subset of the board that determines executive directors' remuneration. It consists of non-executive directors so that executive directors do not determine their own remuneration. The Audit Committee Remuneration is a subset of the board that liaises with both external and internal auditors. It gives more independence to the auditors compared to reporting primarily to the finance director.....who might want to conceal problems in the internal control system and the financial statements.
kengarrettkengarrettTutor5y ago#3
The Remuneration Committee is a subset of the board that determines executive directors' remuneration. It consists of non-executive directors so that executive directors do not determine their own remuneration. The Audit Committee Remuneration is a subset of the board that liaises with both external and internal auditors. It gives more independence to the auditors compared to reporting primarily to the finance director.....who might want to conceal problems in the internal control system and the financial statements.
PPri195y ago#4
Thank you
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