CHAPTER 8 : CORPORATE GOVERNANCE Group 8 1) SALEHAH BINTI ABDUL SHUKOR (10DAT18F2025) 2) NUR NAZIRAH BINTI MOHAMMAD HUSNI (10DAT18F2043) 3) NURUL BADRI BINTI AHMAD FADZIL (10DAT18F2066) 4) NURUL NADHIRAH BINTI NAJIMUDDIN (10DAT18F2070)   INTRODUCTION : Corporate governance is the system by which organisations are directed and controlled. It encompasses the relationship between the board of directors, shareholders and other stakeholders, and the effects on corporate strategy and performance. Corporate governance is important because it looks at how these decision makers act, how they can or should be monitored, and how they can be held to account for their decisions and actions. The published audited financial statements and related information are therefore of key importance. They will usually be the main information set to which shareholders and other stakeholders have access and this is why having credible financial statements supported by the auditor’s opinion is cruci

 Chapter 7 :  Audit Issues & Legal Liabilities GROUP 7 1.Sri Sahirah Binti Sahadom (10DAT18F1502) 2.Nur Zulaikha Binti Mohd Azhar (10DAT18F2017) 3.Nur Jazilah binti Mohamed jawathu (10DAT18F2021) 4.Nur Rabiatul Adawiyah Binti Mohamed Shahar (10DAT18F2051) 5.Muhammad Syahilman Bin Sharaizhi (10DAT18F2068) Auditing Issues and Legal Liabilities  Introduction (1) Understanding the meaning of fraud and error. (2) Reviewing the legal acts that govern auditor's liabilities. (3) Relation between type of liabilities and current audit cases. Audit Liabilities The legal liability that is assumed when the auditor is performing professional duties. (A) The auditor is liable for client accounting misstatements in the financial statements.  (B) There is always the risk of fraud and material misstatement in financial statements. (C) Fraud in audits is when an entity is found to have illegally altered financial statements to manipulate its financial health or to hide profit or losses. It is sev