Auditors as Prime Stake Holder in Corporate Governance Process

Abstract

The corporate governance is a process of reflecting the companies fairness, transparency, and accountability relating to the expenses and income of an organization as an independent personality with reference to its board of directors in the eyes of law and in relation to the stake holders claim in the business of corporate world and in which the auditor will become the key to Corporate governance has emerged as a big issue in corporate sector due to the scams and scandals that are taking place to maintain equilibrium between economic and public goals individually and collectively.

The present paper is concerned with the role of Auditors as part of prime stake holders in corporate governance process and the importance of each internal and external Auditor in detection and prevention of fraud.