Ebook Description :

As a whole the advantages and disadvantages of various forms of audit committees are pretty much balanced and it is up to each company to decide what best suits their needs in either case various methods can be used to ensure a committees effectiveness one such method is known as the evaluation form method. Advantages and disadvantages of audit committees an audit committee is a committee comprising of non executive directors which is able to view a companys affairs in a detached and independent way and collaborate effectively between the main board of directors and the external auditors. Advantages and disadvantages of audit committees an audit committee is a committee comprising of non executive directors which is able to view a companys affairs in a detached and independent way and collaborate effectively between the main board of directors and the external auditors. Advantages and disadvantages of audit committees the key advantage to an external auditor of having an audit committee is that such a committee of independent non executive directors provides the auditor with an independent point of reference other than the executive directors of the company in the event of disagreement arising advantage 1