The Role Of External Auditors In Corporate Governance

CHAPTER ONE INTRODUCTION BACKGROUND TO THE STUDY The role of audit committee is of much interest to regulators and the general public. Earlier, the role of the audit committee was to oversee companies financial reporting and discourse for such quoted companies. However nowadays the role of audit Committee has became very pronounced party due to the numerous economic events that have affected the stability of the financial markets and investors confidence at large. Section 334 (1) requires corporate directors to prepare the annual financial statement in line with extant laws. This is usually af…