Professional Documents
Culture Documents
Comparative
International Auditing
and Corporate
Governance
McGraw-Hill/Irwin Copyright © 2007 by The McGraw-Hill Companies, Inc. All rights reserved.
Comparative International Auditing and
Corporate Governance
Chapter Topics
Recent trends in international corporate governance.
International diversity in external auditing.
Harmonization of international external auditing.
Auditor liability and independence.
Audit committees.
International internal auditing.
Audit regulation.
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Comparative International Auditing and
Corporate Governance
Learning Objectives
1. Define corporate governance and discuss the
circumstances that caused it to receive worldwide
attention in recent years.
2. Explain the link between auditing and corporate
governance in an international context.
3. Examine international diversity in external auditing.
4. Explain the steps take toward international
harmonization of auditing standards.
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Comparative International Auditing and
Corporate Governance
Learning Objectives
5. Demonstrate an understanding of the issues concerning
auditor liability and auditor independence.
6. Explain the role of audit committees.
7. Discuss internal auditing issues in an international
context.
8. Discuss the provisions in the Sarbanes-Oxley Act of
2002 in relation to auditing issues.
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International Trends in Corporate
Governance
Recent accounting scandals, particularly those in the
U.S. (e.g., Enron, WorldCom) have led to increased
focus on corporate governance.
The Sarbanes-Oxley Act of 2002 was a direct response
to these scandals.
This act includes new rules pertaining to corporate
governance and auditing.
These events in the U.S. are consistent with a worldwide
movement to improve corporate governance and
auditing.