Home » Audit Committees in Central Banks by Marie-Thrse Camilleri Camilleri Gilson
Audit Committees in Central Banks Marie-Thrse Camilleri Camilleri Gilson

Audit Committees in Central Banks

Marie-Thrse Camilleri Camilleri Gilson

Published April 1st 2007
ISBN : 9786613821393
ebook
50 pages
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 About the Book 

This paper reviews the tasks and design of audit committees, increasingly recommended as a way to strengthen financial accountability and good central bank governance. It outlines the motivations for the establishment of audit committees inMoreThis paper reviews the tasks and design of audit committees, increasingly recommended as a way to strengthen financial accountability and good central bank governance. It outlines the motivations for the establishment of audit committees in commercial corporations and public sector entities, and explains how audit committees interact with other governance bodies within a central bank. The paper focuses on the functions of an audit committee, since the terminology of the governance structure is often country-specific. It summarizes operational issues to consider in designing an effective audit committee and discusses the implications for central bank legislation.