Auditing and Assurance Report: Woolsworth Group Analysis
VerifiedAdded on 2020/05/28
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Report
AI Summary
This report provides an analysis of auditing and assurance practices, specifically examining the corporate governance statement of the Woolsworth Group for the financial year 2017. The report details the company's adherence to ASX Corporate Governance Council guidelines and the inclusion of this information in the Directors’ Report. It further explores the composition and functions of the company's board committees, including the Audit, Risk Management and Compliance Committee (ARMCC), highlighting their alignment with ASX recommendations. The report concludes by emphasizing the significant benefits of audit committees, such as facilitating external audits, implementing internal controls, and improving financial management and reporting, ultimately benefiting the company, auditors, and society as a whole. The analysis references several academic sources to support its findings.
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