- 20 Marks
FRPA – APRIL 2024 – L3 – Q6 – External Auditors and Corporate Governance
Discuss six responsibilities of external auditors in promoting good corporate governance in banks, and explain four mechanisms for maintaining financial reporting integrity and enhancing shareholder confidence.
Question
a) Discuss the responsibilities of External Auditors in promoting Good Corporate Governance of banks. (You are required to state and discuss six (6) key responsibilities.) (12 marks)
b) Explain how External Auditors contribute to maintaining the Integrity of Financial Reporting and enhancing Shareholder confidence. (You are required to list and explain four (4) mechanisms.) (8 marks)
(Total: 20 marks)
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