In a company, the board of directors (hereafter, board) has the statutory authority and responsibility to manage and govern the company. The board is the trustee of the funds entrusted to the company by shareholders. The auditor is also a key actor in corporate governance.
Shareholders appoint the auditor to report whether financial statements are presenting the true and fair view of the financial position and performance of the company. The auditor’s responsibility also includes reporting fraud or suspected fraud, although he/she is not expected to dig out frauds. The Company ...
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST Rs
Key stories on business-standard.com are available to premium subscribers only.
Already a premium subscriber? LOGIN NOW
First Published: Sun, March 08 2020. 23:58 IST
