Knowledge Item Details

ASX must call for a mandatory internal audit function

Description: The ASX Corporate Governance Council will next week commence a review of the ASX Corporate Governance Principles and Recommendations – the definitive ‘bible’ of corporate governance best practice in Australia’s. With the widespread risk management failures of the financial crisis fresh in the minds of Corporate Australia not to mention the legions of investors who lost their life savings, it is incumbent on the ASX Council to seize this unique opportunity to strengthen the Principles and Recommendations.
Keywords: ASX Corporate Governance Council, risk management, financial crisis, internal audit, Principle 7
Date Published: 14-Feb-2011 Resource Type: Media Release                Author/Publisher: IIA - Australia