Question: Question The UK Corporate Governance Code 2018 states there should be a formal, rigorous and transparent procedure for the appointment of new directors to the

Question

The UK Corporate Governance Code 2018 states there should be a formal, rigorous and transparent procedure for the appointment of new directors to the board.

Discuss the different ways in which directors can ensure that the process for new appointments to the board fulfils this corporate governance requirement. (15 marks)

Citing some of the recent instances and negligence of the auditors, discuss the various changes that professional bodies have recommended which can be used by the auditors to enhance the value of audit. (15 marks)

(Total 30 Marks)

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