Audit COMM_ AA_Chapter_46

Audit COMM_ AA_Chapter_46 - Chapter 46 Audit Committees...

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© Peter T. Y. Lau and Nelson C. Y. Lam © Pilot Publishing Co. Ltd. 2009 Auditing and Assurance in Hong Kong 1 Chapter 46 Audit Committees
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© Peter T. Y. Lau and Nelson C. Y. Lam © Pilot Publishing Co. Ltd. 2009 Auditing and Assurance in Hong Kong 2 Agenda 1. Introduction 2. Advantages of Audit Committees 3. Code on Corporate Governance Practices 4. Corporate Governance Report 5. A Guide for Effective Audit Committees 6. Measures of Audit Committee Effectiveness
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© Peter T. Y. Lau and Nelson C. Y. Lam © Pilot Publishing Co. Ltd. 2009 Auditing and Assurance in Hong Kong 3 1. Introduction Audit committees are: committees of Boards of Directors of mainly listed companies, and usually consist of non-executive directors. Since 1978, the New York Stock Exchange has required all listed companies to have audit committees.
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© Peter T. Y. Lau and Nelson C. Y. Lam © Pilot Publishing Co. Ltd. 2009 Auditing and Assurance in Hong Kong 4 1. Introduction In the UK, London Stock Exchange requires all listed companies to have audit committees since mid-1990s In Hong Kong, the board of a listed company is required to establish an audit committee since September 2004 INED
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© Peter T. Y. Lau and Nelson C. Y. Lam © Pilot Publishing Co. Ltd. 2009 Auditing and Assurance in Hong Kong
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Audit COMM_ AA_Chapter_46 - Chapter 46 Audit Committees...

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