Explore BrainMass

Explore BrainMass

    A Company's Board of Directors

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    If the company you work for has or will have a Board of Directors why is it important to know as much as you can about what a Board does?

    How is a Board involved in the annual audit process that involves the outside Independent auditors?

    Thanks for your help!

    © BrainMass Inc. brainmass.com June 4, 2020, 12:11 am ad1c9bdddf
    https://brainmass.com/business/auditing/companys-board-directors-323934

    Solution Preview

    Dear student,

    If the company you work for has or will have a Board of Directors why is it important to know as much as you can about what a Board does? How is a Board involved in the annual audit process that involves the outside Independent auditors? If we were working in the company, it is important to know about the functioning of the Board of directors because of the following reasons:

    1. The board of directors manages the organization by formulating the policies and procedures of the organization. It is necessary to know about the functions of the board as the board will make changes to the policies and procedures depending upon the requirements which will influence the employees of the organization. For example, the board may change the office timing from morning 9 'o clock to evening 5'o clock to morning 8' o ...

    Solution Summary

    This solution discusses a board of directors within a company.

    $2.19

    ADVERTISEMENT