ESSAY ON Role of CAG in Meeting Challenges of Good Governance INTRODUCTION “A nation is a perception of how its people regulate and order their mechanism of governing and developing themselves and their country as a whole”. This statement may not be found written anywhere‚ but it definitely underlines the importance of governance. With the decade of 21st century completed‚ the question of good governance has become more important. The reason this quotation has presented itself. India’s
Premium Governance Auditing Government of India
The Role of the External Auditor in Corporate Governance The external auditor has long played an important role in the corporate governance function. However‚ before we begin our analysis on how the external auditor plays this role and its importance‚ we must first examine the responsibilities and duties of such an auditor. Similarly‚ we need to clearly define what corporate governance is before we discuss in detail the role that auditors play in it. 1. Introduction 1.1 The External Auditor External
Premium Management Corporate governance Corporation
THE ROLE OF AUDITORS IN THE CONTEXT OF CORPORATE GOVERNANCE Asst. Prof. Loganathan Krishnan Abstract Auditors examine company’s accounts and report to the company on the accounts. Fundamentally‚ the concern is how auditors carry out these duties effectively. Legislations namely Companies Act 1965‚ Securities Industry Act 1983 which has been consolidated as Capital Market and Services Act 2007 have made major inroads to ensure that auditors carry out their duties and obligations effectively. Additionally
Premium Audit Corporate governance Auditing
Recently the terms "governance" and "good governance" are being increasingly used in development literature. Bad governance is being increasingly regarded as one of the root causes of all evil within our societies. Simply put "governance" means: the process of decision-making and the process by which decisions are implemented (or not implemented). Since governance is the process of decision-making and the process by which decisions are implemented‚ an analysis of governance focuses on the formal
Premium Ethics Governance Corporate governance
remains a challenge thereby lending and profitability‚ which impact on recapitalization of the economy. The research is of the view that under the aforementioned scene‚ proper corporate governance structures are inevitable. There is need for improvement on the issues of corporate governance in all corners of the economy if real economic growth is to be realized. The research is also of the opinion that many companies collapsed over the past decade owing to partly serious corporate governance deficiencies
Premium Audit Corporate governance Auditing
RESEARCH PROPOSAL Title : PROMOTING GOOD GOVERNANCE IN PUBLIC INSTITUTIONS: THE ROLE OF THEINTERNAL AUDITOR Introduction: All over the world there is a realization that the Internal Audit activity has the potential to provide hitherto unparalleled services to managemet in the conduct of their duties. This potential has been turned into a challenge and embodied in the new definition of Internal Auditing from the Institute of Internal Auditors (the IIA). The Government of the Republic
Premium Internal audit Auditing Financial audit
Challenges of Good Governance The nation celebrated this ’Pakistan Day’ in a significant and unconventional manner. It was a noteworthy occasion in history of Pakistan this time for the challenges facing in maintaining good governance are yet to appear in coming days for government in place. The leaders of Pakistan adopt the course and principles which had been conveyed by the founder of Pakistan to make a true enlightened moderated state which ensures basic rights of people‚ secures the prosperity
Premium Management Decision making Strategic management
General Principles of Good Governance 1. Service to Others Service to others allows us to practice doing what Jesus would do and it connects us to those we serve and give us a kind of satisfaction that self-interest can never offer. When we serve others we are reminded that nothing in this life lasts as long as the bonds we form with other people‚ and there’s no better way to connect ourselves to others than by working together for our common good and because everything we have comes
Premium Skill Learning Management
Internal Audit 5 4.2. Corporate Governance Framework 5 5.0. Case Studies 6 5.1. Royal Dutch Shell 6 5.2. Royal Bank of Scotland 6 6.0. Application of theory 7 6.1. Royal Dutch Shell 7 6.2. Royal Bank Of Scotland 7 8.0. Limitations 8 9.0. References 9 1.0. Introduction A good governance system in an organization begins with having internal audit function. The value and the need to focus on improving strong corporate governance have increased due to a series of failure
Premium Internal audit Auditing Audit
RESEARCH PROPOSAL Promoting Good Governance in Public Institutions of Ghana: The Role of the Internal Auditor Introduction All over the world there is a realization that the Internal Audit activity has the potential to provide hitherto unparalleled services to management in the conduct of their duties. This potential has been turned into a challenge and embodied in the new definition of Internal Auditing from the Institute of Internal Auditors (the IIA). Background of the Study The Government of
Premium Internal audit