Publication

7 July 2003

The Financial Reporting and Auditing Aspects of Corporate Governance

 

Good corporate governance contributes to business efficiency and economic growth. The European Commission’s Communication on Corporate Governance and Company Law of 21 May 2003, which FEE actively supports, has ensured that corporate governance is again high on the political agenda. With this new publication, FEE wishes to maintain the momentum by outlining the next steps that need to be taken.

The discussion paper details the elements of good corporate governance relevant to the process of financial reporting and auditing and has considered the fundamental relationships and obligations between the company boards, auditors, shareholders and other stakeholders in an effective corporate governance system. It makes a series of practical recommendations which would strengthen corporate governance and increase confidence in financial reporting. The role of the audit committee is crucial, as a fully functioning audit committee helps to improve the quality of financial reporting.

The discussion paper focuses on publicly listed companies, but is also relevant to other entities, in particular to public interest entities.

Position Paper

 

Related content

EventReducing corporate fraud risk: European perspectives

8 December 2022

PublicationComparing European corporate governance models

17 November 2022

NewsEC’s proposal to ban products made using forced labour

28 October 2022

Consultation responseOECD’s consultation on the review of the G20/OECD principles of corporate governance

21 October 2022

EventMembers’ Engagement Day

19 October 2022

EventESG & Corporate Governance: the evolving role of audit committees

20 June 2022

PublicationStronger internal controls to reduce corporate risks

17 June 2022

Consultation responseEC’s corporate sustainability due diligence proposal

20 May 2022

PublicationESG Governance

12 April 2022

NewsEU Corporate Sustainability Due Diligence Directive: a global milestone that will need further clarity

24 February 2022

NewsExecutive directors’ bonuses must be linked with sustainability objectives

16 February 2022

NewsStronger corporate reporting in Europe – solutions by the accountancy profession

2 February 2022

Consultation responseEC’s consultation on corporate reporting – improving its quality and enforcement

2 February 2022

PublicationSupply chain sustainability assessment

28 January 2022

PublicationImplementation of the 2014 EU Audit Directive and regulation in 30 European countries

8 November 2021

Podcast There’s no creation like co-creation: sustainability reporting standards

28 October 2021

NewsReporting Beyond the Financials: Sustainability on the Books

24 September 2021

Team memberChara Georgiou

17 September 2021

NewsA 360 view on Sustainable Corporate Governance

14 July 2021

Consultation responseUK government BEIS department’s consultation on restoring trust in audit and corporate governance

8 July 2021

Sign up for our newsletter

* indicates required
Would you like to subscribe to our newsletter?
On which topics would you like to receive news?