Corporate Governance INT

The corporate governance article, as found here (https://www.accaglobal.com/uk/en/student/exam-support-resources/professional-exams-study-resources/p7/technical-articles/corpgov-audit.html) focuses heavily on Audit Committes, so review past Audit Committee questions.

The Mnemonic for the main Princicles of Corporate Governance are;

L eadership
E fficiency
A ccountability
R emuneration
R elationship with shareholders

L E A R R

For the role of the Audit Committe, its;

R eview of Financial Statements
S ystems & Controls
F raud Detection & Prevention
G eneral Princicples
A nnual Audit Cycle
P rovision of Non-audit services

RSF GAP

I hope this helps