• Ms. (CS) Pratiti Nayak
• Prof. (Dr.) Pradip Ku. Sarkar

The key to any organizations’ efficiency lies with the structure of its governance. Hence, in the recent times one of the most discussed concepts in management of public and firm is that of ‘Governance’. This has been a critical issue with widespread international prominence especially after Asian crisis and fraudulent corruption in the corporates of USA. In India, the massive fiasco of ‘SATYAM’ and the role of auditors and audit committee in it raised the concern with regard to governance of the corporates in the Indian Capital markets. The primary and major cause of these scandals was identified by both the public as well as experts to be the failure of the entire corporate governance system. These things have resulted in the increasing importance of auditors and audit committee in the governance system of a corporate and also in its scope expansion. One of the most vital or crucial role played in corporate functioning is that of Audit Committee and Auditors as they not only handle the internal but also the external audit of the organisation. Thus, this article aims at discussing as to how the concept of audit committee and auditors is placed in the corporate structure and its working and their role in protecting the shareholers’ interest. The article examines the purpose for which these two forces were introduced in the corporate law and what they are doing. The author, in the conclusion, aims at emphasizing the future functionalities of the audit committee and auditors for enforcing a more effective and efficient corporate governance mechanism.

Committees, Corporate Governance, Audit Committee, Auditors, Board of Directors

"AUDIT COMMITTEE AND AUDITORS IN COPORATE GOVERNANCE: AN INDIAN PERSPECTIVE", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 9, page no.117-126, September-2018, Available :http://www.jetir.org/papers/JETIRA006283.pdf

"AUDIT COMMITTEE AND AUDITORS IN COPORATE GOVERNANCE: AN INDIAN PERSPECTIVE", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 9, page no. pp117-126, September-2018, Available at : http://www.jetir.org/papers/JETIRA006283.pdf