The Role of External Auditors in Corporate Governance and Financial Reporting not only recommends means whereby a variety of internal issues can be addressed but also considers various ways in which the external auditor and audit committees contribute to the process of corporate governance. Problems related to asymmetric information, information disclosure, transparency between corporate managers and shareholders, and factors contributing to insider trading are covered as well as the various ways in which the external auditor and audit committees can contribute towards enhancing corporate governance structures and measures. The impact of bank regulations, such as Basel III capital requirements, on risk taking and the need for a consideration of ownership structures are other issues which are examined. In acknowledging the issues raised by ownership structures, the book considers theories such as the banking theory and corporate governance theory. It also considers other alternatives whereby risk taking can be controlled, including developments which are contributory to the rise of Finance Theory. In recommending the external auditor's expertise as appropriate for addressing agency problems whereby corporate managers, at the expense of shareholders, are compelled to act in their own interests, The Role of External Auditors in Corporate Governance and Financial Reporting, draws attention to the audit committee's roles, presenting them as being both as a vital and complementary as corporate governance tools. It also highlights the importance of measures which need to be in place if the external auditor's contribution to corporate governance is to be maximized. Even though an ideal and single model for corporate governance does not exist, through an analysis of selected jurisdictions, this book aims to provide corporate managers and business executives with a better understanding of how their corporate governance structures can be modelled to maximize the benefits which effective corporate governance mechanisms could provide.
About the Author: Prof. Ojo currently undertakes teaching, supervisory and advisory roles, serves as an examiner and a reviewer. She also supervises at undergraduate and post graduate levels. Furthermore, Prof Ojo serves as a reviewer for various scientific and academic journals which have been accredited with the highest credentials. Prof. Ojo has authored a total of more than 65 internationally peer-reviewed books, ISI accredited journal articles, book chapters and conference proceedings papers. Her work has not only found international acceptance, but it has also received mostly cited commendations. She has lectured and undertaken research activities in all universities at which she was employed and currently still lectures whilst undertaking research activities as a Visiting Scholar and Professor at the Universities of Heidelberg and North-West University South Africa. Prof. Ojo has established an international research reputation. Her teaching obligations have included and still include presenting advanced post-graduate courses in Corporate Finance, Financial Regulation (in particular, Basel III banking regulation) as well as Law, Economics, Accounting, Auditing, Banking and Finance.