Corporate Governance Flashcards
1
Q
What are the 5 main sections of the governance code?
A
Board leadership
Division of responsibilities
Composition, succession, evaluation
Audit, risk, internal control
Remuneration
2
Q
What is the purpose of an external audit?
A
To issue an opinion on the financial statements that they give a true and fair view
3
Q
What is the purpose of an internal audit?
A
To monitor, advise, improve, ensure and help management
