Auditing as an element of corporate governance system
Selected contents from this journal
Languages of publication
This article argues that auditing is not merely a technical tool for verification of financial state-ments but a very important element of the efficient governance system. Auditing has emerged not as a response of regulatory bodies to financial and corporate scandals but as a natural method of control and a monitoring tool of managerial actions. The paper also discusses alternative theories which can be useful in explaining the role of auditing in society and provides an overview of pub-lished research on the auditors’ perception of the recent corporate governance reforms.
Publication order reference