Auditing as an element of corporate governance system
Journal Title: Zeszyty Teoretyczne Rachunkowości - Year 2011, Vol 2011, Issue 64
Abstract
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.
Authors and Affiliations
Dorota Dobija
Keywords
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