what are the advantages of audit committee?

Open uri20170510 32134 7ezpi6?1494421819 jaggu asked over 3 years ago

what are the advantages of audit committee?

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 narahari answered over 3 years ago

Advantages of audit committee are as follows: 1. It provides an internal reporting mechanism compared to reporting to the directors who may wish to hide or amend unfavorable internal audit. 2. Shareholder and public confidence in published fiancial information is enhanced because it has been reviewed by an independent committee. 3. Provides better communication between the directors, the external auditors and management. 4.Improved Financial Practices and Reporting.

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