Discuss accounting practices used by shareholders to monitor and control their agents/board of directors.
• When writing your essay you may consider discussing:
• The role of annual reports
• The role of financials reports
• The role of the financial audit
• The role of budgets
• Discuss the various rules and regulations surrounding the annual report, financial reports & financial audits
• Discuss the relationship between accounting standards and the rules and regulations surrounding the annual report, financial reports & financial audits