Audit committees: one size fits all?

Article Abstract:

Audit committees may not be an effective corporate governance technique for companies in Australia. In Australia, many large companies use audit committees even though they are not required to use them. However, those companies that do use audit committees do so to improve their image to the public and government regulators. Companies are not required to disclose information such as how often their committees meet or what kinds of duties their committees are responsible for.

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Navigating the risk management minefield

Article Abstract:

Business risk management is essential to improve and maintain the standard of corporate governance. CPA Australia follows 'Better Practice in Financial Risk Management', a continuous six and a half day workshop to understand risks and develop skills in risk management.

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Becoming a duke of hazard

Article Abstract:

The importance of risk management strategy in decision-making in companies is stated. It is suggested that the owners, suppliers and customers should have confidence in the organizationEs risk management strategy.

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