Corporate Governance Journal
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Independent Assurance for Boards and Audit Committees
Boards of directors are charged with protecting and representing the interests of company shareholders. Shareholders delegate their decision control rights to directors, who should be viewed as shareholders' agents, as a more efficient way to ratify and monitor management's decisions. The power of the board to oversee an enterprise is effectively absolute. Directors are typically part-time positions meaning they often need to rely on others in fulfilling their duties. They need to rely on independent sources to tell them how it is, not simply how management wants it told. Many organizations have an internal audit function that provides directors with an independent and reliable stream of information. Other organizations may engage an outside assurance resource, such as Candela Solutions. Regardless of how a board and audit committee decide to procure independent resources, they should have a current and direct pulse on:
Consider Candela Solutions as the board's and audit committee's independent set of eyes and ears to help ensure objective results. In addition, we have a wide range of board and committee evaluation services.
Refer to related in-house training sessions:
Candela Solutions LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org. NASBA Registry sponsor Id is 112563.