Naslov
A Role of the Audit Committee in Enterprise Risk Management Oversight

Autori
Tušek, Boris ; Pokrovac, Ivana

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
XXIII. microCAD International Scientific Conference ; Section P: Company Competitiveness in the XXI Century / - Miskolc : Innovation and Technology Transfer Centre, University of Miskolc, 2009, 245-250

Skup
XXIII. microCAD International Scientific Conference

Mjesto i datum
Miskolc, Mađarska, 19.03.2010. - 20.03.2010

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
risk management; ERM; Audit committee role

Sažetak
In Continental, two-tier, corporate governance model the audit committee is a specialized subcommittee of the supervisory board, while in Anglo-Saxon corporate governance model the audit committee is a specialized subcommittee of board of directors. In both models some of the oversight functions are delegated to audit committees. Primarily functions of audit committees are related to internal control procedures and risk management, oversight of the financial reporting process, implementation of regulatory rules, and also all matters concerning external and internal auditing process. Despite the fact that management is responsible for risk management process, in large business entities with the established audit committee, discussing about guidelines and policies of company’s governing structures regarding the risk management process, as well as discussing significant financial risks faced by the company, and also about means to manage those risks, becomes one of the top priorities of audit committee activity.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA