Audit Committees and Corporate Control

Abstract

Explores objectives, functions, roles and contributions of the audit committee in the context of its relationships with the board of directors, internal auditors and external auditors. Suggests that the audit committee is a step forward in the development of corporate control so long as it does not have unrealistic expectations. Concludes that the role of the audit committee should be in an advisory and oversight capacity with independence, but should remain an internal organ of the corporation.

Citation

Vinten, G. and Lee, C. (1993), "Audit Committees and Corporate Control", Managerial Auditing Journal, Vol. 8 No. 3. https://doi.org/10.1108/02686909310036232