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INDEPENDENT AUDITOR'S REPORT ON SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS

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INDEPENDENT AUDITOR'S REPORT ON SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS

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Audit Committees are no more than a part of those defences. But we believe that they are a most important part and that there could be considerable benefits if their role were clarified and enhanced. This would be beneficial not only in increasing the level of assurance against catastrophic failure and gross malfeasance; it would also offer improvements on a wider front, raising the overall standard of corporate governance for all companies that implement our guidance. The primary role of audit committees is to ensure the integrity of financial reporting and the audit process by ensuring that the external auditor is independent and objective and does a thorough...

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