Providing Assurance on Directors’ Remuneration

Author:Univ. Prof. Victoria STANCIU, Ph. D.

JEL:M4, G28

DOI:

Keywords:remuneration policy, variable remuneration, fix component, performance criteria

Abstract:
Corporate governance issues are registering more weight in the auditors’ work. There is an increase appetite for information on directors’ remuneration, the investors being concerned that the directors’ remuneration has basis in facts, meaning the company’s performance ratios. The assurance on this issue can be provided by the external auditor. The present paper aims at emphasizing the most important aspects of the auditor’s specific assurance mission. Our objective was to identify some of the particularities of those specific assurance missions and suggest some of the activities and tests to be accomplished.\r\n

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