Full Article: PDF
Scientific Object Identifier: http://s-o-i.org/1.1/TAS-10-78-86
DOI: https://dx.doi.org/10.15863/TAS.2019.10.78.86
Language: English
Citation: Barakaev, O. O. (2019). Directions for improving audit in the corporate governance system. ISJ Theoretical & Applied Science, 10 (78), 467-473. Soi: http://s-o-i.org/1.1/TAS-10-78-86 Doi: https://dx.doi.org/10.15863/TAS.2019.10.78.86 |
Pages: 467-473
Published: 30.10.2019
Abstract: This article describes the practices of corporate governance, the definition, objectives and importance of audit, internal audit, external audit, and audit committees. In particular, the problem of the agency arising from the urgency of the subject, the purposes and objectives of external audit in its resolution, and its relationship with the corporate governance bodies, and on the report of the audit, it also outlines the audit committee, new requirements and objectives, and the need for its establishment. A new definition of the internal audit, which is the main essence of corporate governance, its main principles and the new tasks it is currently implementing, its formal report.
Key words: Corporate governance, effective corporate governance, audit function, internal audit, external audit, audit committees, supervisor board, financial reporting, audit reporting, agency issue, transparency, honesty, internal audit organization, organization of the audit committee.
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