Abstract
One of the key responsibilities of the board of directors is to ensure that there are effective oversight and internal controls for the company. Therefore, internal and external auditors that provide assurance for the effectiveness of internal control systems are responsible to the board. The main purpose of internal controls is to create a culture of disciplined behavior by identifying any real or potential lapses by individuals from corporate policies.
All power tends to corrupt; absolute power corrupts absolutely.
Lord Acton
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© 2009 Yılmaz Argüden
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Argüden, Y. (2009). Right Oversight. In: Boardroom Secrets. Palgrave Macmillan, London. https://doi.org/10.1057/9780230248298_7
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DOI: https://doi.org/10.1057/9780230248298_7
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-31171-2
Online ISBN: 978-0-230-24829-8
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