KAGECHE: Role of audit committee

The scandals that have recently rocked companies such as Mumias Sugar and Uchumi Supermarkets have raised questions on the state of corporate governance in Kenya.

Corporate governance is very important component in the business world today, especially after the frequent non-stop worldwide financial crises. Strong corporate governance is now considered a basic condition to accept and register an organisation on the Nairobi Securities Exchange(NSE).

The audit committee plays a major role in corporate governance regarding the organisation’s direction, control, and…