1. AC312 AUDITING Lecture 10 THE AUDITOR AND CORPORATE GOVERNANCE

2. Corporate Governance WHAT IS CORPORATE GOVERNANCE? PURPOSE OF CORPORATE GOVERNANCE

3. Corporate Governance Global Phenomenon

4. Corporate Governance Developments in the UK Cadbury Report (1992) Greenbury Report (1995) Hampel Report (1998) Turnbull Report (1999)

5. Corporate Governance Scope of Application Enforcement of Application

6. Corporate Governance Hampel Report Provisions Directors Directors’ Remuneration Relations with Shareholders Accountability and Audit Institutional Investors

7. Corporate Governance Auditors’ Role Review certain provisions of Combined Code

8. Corporate Governance ISSUES Internal Control (incl internal audit) Going concern Non-exec directors Audit Committees Remuneration Committees

9. Corporate Governance HAS THE NEW CORPORATE GOVERNANCE FRAMEWORK BEEN SUCCESSFUL? POSSIBLE FUTURE DEVOPMENTS