After Enron's debacle, the importance of corporate governance has heightened and received considerable attention. In general, a system of corporate governance usually consists of the Board of Directors, committees of the Board such as the Audit Committee, external auditing, and internal auditing. Research each of the following functions and discuss how each can be used as a mechanism to support high-quality financial reporting:

a. Board of Directors

b. Audit Committee

c. Internal Auditing