1. Has the audit committee and its composition helped reduce fraudulent financial reporting? Discuss this with regard to financial debacles of recent years. 2. Discuss the increasing role played by...

1. Has the audit committee and its composition helped reduce fraudulent financial reporting? Discuss this with regard to financial debacles of recent years.

2. Discuss the increasing role played by the audit committee within publicly listed companies and assess the strengths and weaknesses of the current audit committee structure and its oversight function.

3. To what extent does the creation and reinforcement of an audit committee help protect shareholders and other corporate stakeholders better?

4. What are the significant factors affecting audit committee effectiveness? Discuss this in respect to some empirical findings.