engleski

External auditing and audit committee as mechanisms in corporate governance

There are various mechanisms that ensure corporate governance efficiency. Along with legislation and other control mechanisms which are used by participants in corporate governance (shareholders, creditors, etc.), external auditing and audit committees, as a subcommittee of the supervisory board, are gaining more importance in everyday practice. Even though the role of external auditing and audit committees can be more active they have become an inseparable part of good corporate governance. Due to the increasing importance of external auditing and audit committees in ensuring corporate governance efficiency, this paper examines the impact of the audit committee on higher efficiency of both external auditing and the supervisory boards.

External auditing; audit committee; corporate governance; supervisory board

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