GeekInterview.com
Series: Subject: Topic:
Question: 17 of 42

What is the purpose of audit committe inside a firm & its role with external auditors?

Asked by: dosha | Member Since Nov-2008 | Asked on: Nov 7th, 2008

View all questions by dosha

Showing Answers 1 - 1 of 1 Answers
Nishi Kanti Dey

Answered On : Jan 25th, 2009

View all questions by Nishi Kanti Dey   View all answers by Nishi Kanti Dey

Audit committee, a part of the Corporate Governance, which is consists of 3 non executive members of a company and this committee is necessary for public listed company, audit committee review the internal control system of a company and they also make a report to the board about the financial condition of a company. They can avoid the conflict of interest between external auditor and the directors of the company, they can assist the external auditor by producing a materials information.

Yes  2 Users have rated as useful.
  
Login to rate this answer.

Give your answer:

If you think the above answer is not correct, Please select a reason and add your answer below.

Related Answered Questions

Related Open Questions

User Panel

Register
Login
Lost Password
Get Activation Code

Categories

Accounting Reports

Accounts Payable

Accounts Receivables

Audit

Cashier

Cost Accounting

Fixed Assets

General Ledger

Payroll

Supervisory

Interview Coaching

How do you approach a problem?

Has anyone asked you for help? What did you do?

Have you gone above and beyond your job description?

How to handle academic gap while applying for a job?

What are the things you wish to achieve in 5 years?

Describe a time when you had to convince a friend ?

What is your way of building rapport with a person you just met?

Have you experienced being given too many tasks?

What are the career options available in Software Testing Industry?

What do you do when things do not go as planned? Cite an example.

Ads

Connect

twitter fb Linkedin GPlus RSS

Ads

Interview Question

 Ask Interview Question?

 

Latest Questions

Interview & Career Tips

Get invaluable Interview and Career Tips delivered directly to your inbox. Get your news alert set up today, Once you confirm your Email subscription, you will be able to download Job Inteview Questions Ebook . Please contact me if you there is any issue with the download.

Subscribe