Audit Committees And Corporate Accountability: A Cross-Jurisdictional Examination
- IJLLR Journal
- 1 hour ago
- 1 min read
Thatikonda Suhitha, BBA LLB (Hons.), Mahindra University, Hyderabad.
ABSTRACT
The paper examines Audit Committee’s role in improving financial transparency in companies around the World. The paper focuses on legal, functional and real-life significance of audit committee in strengthening corporate governance frameworks across various jurisdictions. The paper also focuses on the real-time importance of audit committees by way of various examples. A Deep study is conducted to evaluate the Satyam scandal which stands as the best example of failure of audit committee. The paper also examines the provisions and regulations on audit committees in the United States and the United Kingdom. At the end of the paper, the contemporary challenges and recommended reforms are provided to enhance the enforcement of audit committees in real-time scenarios.
