Accounting and Finance Report 2022

The assignment requires the drafting of a reply to a letter from a UK Limited Company Chief Executive, based on the advice given by Corporate Governance Consultants 'Andrew Clase & Co Ltd'. The response should draw on reputable and reliable sources.

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Added on 2022-09-23

Accounting and Finance Report 2022

Added on 2022-09-23

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Running Head: BUSINESS AND CORPORATION LAW
0
Accounting and Finance
UMADHV-15-2
4/19/2020
Student’s Name

Accounting and Finance 1
Contents
Annexure 1.................................................................................................................................. 2
Independent directors.................................................................................................................. 2
Who is an independent non-executive director (INED)? 3
How an independent director is important 3
Internal Audit............................................................................................................................... 5
Importance of internal audit 5
INEDs, IA and Corporate collapse...............................................................................................7
Potential difficulties...................................................................................................................... 7
Reference.................................................................................................................................... 9

Accounting and Finance 2
Letter
Andrew Clase ACMA
Andrew Clase and Co Ltd
10, Presceli Avenue
Swansea
SA75 6XX
Gareth Roberts
Chief Executive
HK Design Ltd
Buccaneer Buildings
Caer Street
Swansea
SA51 2JJ
11th January 2020
Dear Gareth,
I have received your letter dated 8th January 2020 and knew that you want to gain an
understanding of the topic of “independent non-executive directors” and internal audits. I have
arranged a report consisting answers of to your questions and the same is attached herewith as
Annexure A. In this report, you may find answers to questions that you have directly asked as
well as other related aspects.
I hope that you would find this cover letter and the attached report in order. I further hope that
the report will fulfill its purpose by removing all of your possible doubts about the addition of
“independent non-executive directors (INEDs)” and an Internal Audit (IA) to your company.
Thanks and Regards
Andy Clase

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