2304, 2017

The Statutory Accountants are at their wit’s end when it comes to advisory services

By | April 23rd, 2017|Categories: Uncategorized|0 Comments

Both the audit and consulting trades have lofty ambitions to capture the consulting market that continue to be on the rise. However, it often sends the big audit companies on a challenging and ethical tightrope [...]

2304, 2017

In future, the buck stops with the audit committee

By | April 23rd, 2017|Categories: Uncategorized|0 Comments

Audit committee members in general and external auditors, in particular, are the most important gatekeepers to provide attention to financial reporting and financial fraud processes. Each function has a responsibility to foster high-quality of reliable [...]

2304, 2017

An efficient sanyaku-kai could have avoided the Toshiba’s accounting scandal?

By | April 23rd, 2017|Categories: Uncategorized|0 Comments

The Japanese tea ceremony ritual is often familiar when a top corporate executive bows and admits to his company’s wrongdoings. However, the recent Japanese corporate scandals go much further. The Chairman and or the CEO [...]

2304, 2017

The Role and Responsibilities of the Audit Committee in a changing corporate landscape

By | April 23rd, 2017|Categories: Uncategorized|0 Comments

Copenhagen Compliance together with Grant Thornton and Pinsent Masons has taken the initiative to create a UK chapter of The Audit Committee. The purpose is to provide guidance on the updated compliance requirements on audit [...]

204, 2017

How to solve the new audit committee mandates and responsibilities

By | April 2nd, 2017|Categories: Uncategorized|0 Comments

The audit committee is a cornerstone of the board of director's duties. Its mandate now extends well beyond the oversight of financial reporting and includes key areas that determine the organisation's performance, risk management, compliance, [...]

204, 2017

The New Audit Committee Stewardship Framework (Part II of II)

By | April 2nd, 2017|Categories: Uncategorized|0 Comments

The updated central role of the Audit Committee goes beyond enhancing the audit quality and building confidence in the integrity of financial disclosures. The new stewardship role of the audit committee will be critical in [...]

204, 2017

The New Audit Committee Stewardship Framework (Part I of II)

By | April 2nd, 2017|Categories: Uncategorized|0 Comments

When things go wrong in a company, it is often due to lack of adherence, monitoring and independent assurance of right governance processes in the organisation. One of the primary reasons when management, the chairman [...]

204, 2017

Implications of audit regulation and directive to restore integrity and trust between companies, markets, and the audit committee

By | April 2nd, 2017|Categories: Uncategorized|0 Comments

Audit committee members and external auditors, in particular, are the most important gatekeepers to provide attention to financial reporting and financial fraud processes. Each function has a responsibility to foster high-quality, reliable financial reporting. Stakeholders [...]

204, 2017

Updating the Auditor Independence and Audit Committee issues

By | April 2nd, 2017|Categories: Uncategorized|0 Comments

After significant changes in 2002 post-Enron scandal, the rules governing the external auditor and therefore the audit committee are now fast evolving. The EU regulations that come into force in June 2016 aims to improve [...]

204, 2017

A well-functioning Audit Committee is the key to achieving good governance

By | April 2nd, 2017|Categories: Uncategorized|0 Comments

Based on the new rules and regulations on auditor independence and board responsibilities, all audit committee have to update their charter, composition and configuration to comply. We suggest that a review, assessment and evaluation of [...]