VIEW FROM BUSINESS

摘要

Graham Roberts is former finance director at British Land and chairman of an audit committee. He agrees that, as the research shows, the whole arena of audit committee, auditors and audit quality has improved immeasurably since audit committees became part of mainstream business life in the UK. 'It is no longer a hostile environment', he says. 'It's now all about knowledge. There is more sharing, and the views of the auditors are well aired.' And with the improvements that audit committees have brought about, the effect on financial reporting in the business world has been positive. 'There have been very few UK financial reporting failures over the last 15 years relative to other jurisdictions and that is a great credit to the changed system.' Any failures have been more to do with failed business models, he believes.