Corporate Governance

The worldwide focus on Corporate Governance has resulted in the development of a number of “best practice” control and governance frameworks which are being incorporated into legislative and regulatory reporting requirements worldwide.

These initiatives are being taken on board by management and the internal audit profession, with varying degrees of success. We can provide reviews as part of the establishment of, or general quality assurance on:

• Scope and role of board committees
• Audit committee charters
• Quality and scope of reporting to the audit committee
• Development of control frameworks including implementation of control self assessment programs
• Audit committee performance
• Fraud control

An effective governance framework is not only best practice management but also an effective way of managing the increasing risks faced by Directors and senior management in relation to their personal liability for corporate incidents.