Audit committees have a critical role in assisting the Board in overseeing and monitoring an organisation’s principles and processes by which financials are recorded and disseminated, the hiring and monitoring of external auditors, ensuring regulatory compliance, assessing a company's internal financial controls, and reviewing risks with the senior management team. This role may also reach beyond financial performance monitoring to include a broader scope of the organisation's risk and control environment that includes operational processes and new technologies.

The corporate governance principles contained in the King IV (King Code) are in general voluntary. However, from 31 December 2020, organisations will be compelled to disclose additional information regarding corporate governance practices in their annual reports. Henco Beukes of Moore Johannesburg, takes a closer look.

The velocity at which today’s global marketplace is changing requires organisations to continuously re-assess risks or events that may affect the achievement of their strategic business objectives. Henco Beukes of Moore Johannesburg explores the fundamentals that are key to managing your risk environment.