The Control Environment

Neville Bain and David Band

Chapter 6 in Winning Ways through Corporate Governance, 1996, pp 109-139 from Palgrave Macmillan

Abstract: Abstract There is some confusion between understanding the importance of the control environment in which an organisation exists and dealing with accounting aspects, which are largely about presentation and form. It is important to distinguish between the two. In our view the more important area to focus on is the control environment because this provides the greatest opportunity to protect value in either commercial or non-profit-making enterprises. In the case of the accounting rules and regulations evidenced in accounting standards and best practice, this demonstrates consistency and clarity of presentation and gives a reasonable chance of understanding the health of that enterprise.

Keywords: Corporate Governance; Control Environment; Audit Committee; Audit Firm; Internal Audit (search for similar items in EconPapers)
Date: 1996
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DOI: 10.1007/978-1-349-14158-6_6

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