Corporate governance certificate by statutory auditor

  • What is corporate governance auditor?

    Corporate Governance Audit is an effective way to ensure that the company has complied with all the laws applicable and effective internal control systems, policies, procedures are implemented well to serve needs of all the stakeholders..

  • What is statutory auditor certificate?

    A statutory audit is intended to determine if an organisation delivers an honest and accurate representation of its financial position by evaluating information, such as bank balances, financial transactions, and accounting records..

  • What is the role of Statutory Auditors in corporate governance?

    The Board of Statutory Auditors monitors compliance with legislation, internal regulations and with principles of proper administration.
    It verifies the adequacy of the company's management, organizational and accounting structures and ensures its correct functioning..

  • What is the role of the auditor in corporate governance?

    An internal auditor inspects a company's accounts for mismanagement.
    They must act as an internal financial and legal force for the company.
    They will also find and try to eliminate any potential fraudulent activity..

  • Auditor's certificate.
    Definition: Refers to the report of the auditor made once the audit work has been carried out.
    For example, an auditor's report attached to an organisation's financial statements may be referred to as the auditor's certificate on those financial statements.
  • Corporate Governance Audit is an effective way to ensure that the company has complied with all the laws applicable and effective internal control systems, policies, procedures are implemented well to serve needs of all the stakeholders.
  • Internal audit provides assurance by assessing and reporting on the effectiveness of governance, risk management, and control processes designed to help the organization achieve strategic, operational, financial, and compliance objectives.
The said clause provides that the company shall obtain a certificate from either the auditors or practising company secretary(ies) regarding compliance of the 

Can a statutory auditor audit a report on corporate governance?

The nature of information covered in the report on Corporate Governance is so varied that it is impossible for every facet thereof to be ˝verified ˛ and audited

However, the statutory auditor has a very onerous responsibility to the stakeholders and regulators in issuing the Certificate of Compliance

Does a listing agreement require a certification of corporate governance?

The auditor is required to certify the compliance of conditions of Corporate Governance as stipulated in Clause 49 of the Listing Agreement

I am sure this Guidance Note would assist the members in carrying out such certification effectively

What is a corporate governance certificate?

The Certificate provides comfort to the Board, Regulators and other stakeholders regarding the compliance with the Corporate Governance conditions as provided under the Listing Regulations


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