The Analysis of European Union Corporate Governance Codes from the Perspective of External Audit’s Contribution

Author:Assistant Cristina BOŢA-AVRAM, Ph. D., Univ. Professor Dumitru MATIŞ, Ph. D.

JEL:M 40, M 42, M 21, M 14

DOI:

Keywords:corporate governance, external audit, independence, corporate governance code, European Union

Abstract:
The present study is the result of a larger research activity which aims to develop a comparative analysis of corporate governance codes issued in the Member States of the European Union in terms of contribution to the audit function to ensure good corporate governance. In order to substantiate this comprehensive analysis of codes of corporate governance in EU member states it was taken in consideration the international and national existing trends that claims the need for a trilateral approach of the audit function in the context of corporate governance. This research activity will materialize in three distinct studies, based on the analysis of the three central pillars of the audit function’s contribution (external audit, internal audit, audit committee) for the enhancing of corporate governance at European level. First study (the present one) is based on the analysis of external audit’s role and responsibility. By presenting on overview of the main conclusions resulting from this comparative study, the authors hope to stimulate further research and to initiate constructive debates in the area of research.\r\n\r\n

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