Volume : V, Issue : II, February - 2015
Role of Audit Committee on Corporate Governance: Audit Committee's Effectiveness Increases the Market value of Shares.
Dr. M. S. Subhas, Kiran Kumar
Abstract :
Corporate Governance assumes centre–stage when things go seriously wrong with companies. The failures or serious financial distress of corporations like Enron, WorldCom, and others, with even professional firms like Arthur Andersen not being spared. The Indian experience has not been very dissimilar. “Corporate Governance is about promoting corporate fairness, transparency and accountability”. Audit Committee an organism devised to support the board of Directors that by virtue of delegation will aide in the examination, evaluation and permanent surveillance of the accounting and financial system of the corporation. To be a good governance the corporate should have an Independent Board of Directors and Audit Committee which ensures check and balance on the Fiscal performance of the company, in spite of various laws , regulations and recommendations of various committees on Corporate Governance the corporate failures such as Satyam, Enron could not be stopped due to audit failure The crumbling of these corporations coupled with financial irregularities noticed in various other corporations resulted in erosion of faith of shareholders in perpetuality of these concerns, which demands the emergence of a good corporate governance
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DOI : 10.36106/ijar
Cite This Article:
Dr.M.S.Subhas, Kiran Kumar Role of Audit Committee on Corporate Governance:
Audit Committee¥s Effectiveness Increases the
Market value of Shares. Indian Journal of Applied Research, Vol.5, Issue : 2 February 2015
Number of Downloads : 441
Dr.M.S.Subhas, Kiran Kumar Role of Audit Committee on Corporate Governance: Audit Committee¥s Effectiveness Increases the Market value of Shares. Indian Journal of Applied Research, Vol.5, Issue : 2 February 2015
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