Audit committee independence is measured by real access to information, not formal composition. A publication by Nermin Sefić.
Audit committee independence is measured by real access to information, not by the formal composition of its members.
Audit committee independence is measured by real access to information, not by the formal composition of its members.
Formal independence — members without executive roles — is a necessary but not sufficient condition for effective oversight. An audit committee that receives the same presentations as management, at the same time and without direct access to internal audit, in practice oversees what it's shown, not the real state of the business.
Committee effectiveness increases when internal audit reports directly to it rather than through management, and when the committee has the authority to commission additional external review without executive management's approval. That single change in the reporting line often affects the quality of oversight more than any change in membership.
Cjelovit tekst i izvor: https://gnk-asg.hr/en/publications/audit-committee-and-oversight-independence/
Autor i urednička odgovornost: Nermin Sefić. Izdavač: GNK ASG d.o.o..
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