Corporate Governance: A Pragmatic Guide for Auditors, Directors, Investors, and Accountants / Edition 1

by Vasant Raval

Overview

This book facilitates a systematic comprehension of internal workings of corporate governance in practice. Facets of this multidisciplinary, constantly evolving field are discussed and interrelationships among them are explained to provide insights on how certain precepts come into play for various roles in governance. This book pragmatically explains and illustrates with a view to integrate. To keep the scope achievable, the emphasis is placed on the U.S.-based companies; where possible, differences in governance around the world are identified.

Three rich sources of knowledge help shape the message of this book: existing paradigms, personal experience in governance, and research on issues and challenges of governance.

Features:

• Permits a holistic view of the complex corporate governance landscape.
• Discusses and generously illustrates the practice of corporate governance.
• Aids understanding of issues and challenges of corporate governance.
• Identifies ways to advance the value of one’s role in corporate governance.
• Teaches how to avoid crucial mistakes that compromise the value of one’s contribution in the governance process.

If you are a professional accountant, securities lawyer, economist, financial analyst, auditor, executive, entrepreneur, or an investor, you will find the book helpful in understanding the entire landscape of governance fairly quickly. Those already involved in the governance arena may find the book refreshing, and may use it to coach others. This book can serve as a reference book in any offering of a course at any academic level.

Product Details

ISBN-13:	9780367862756
Publisher:	CRC Press
Publication date:	04/15/2020
Series:	Security, Audit and Leadership Series
Pages:	270
Product dimensions:	6.12(w) x 9.19(h) x (d)

About the Author

Dr. Vasant Raval is emeritus professor of accounting at Creighton University, Omaha, USA, where he served for over 37 years in various leadership roles and in active teaching, scholarship and service. Prior to his joining Creighton University in 1981, he was associate professor at the University of Windsor, Windsor, Ontario, Canada for six years. His career began as an inspector of income tax with the Government of India, with subsequent job positions in the Tariff Commission of the Government of India and finally, in private industry as a cost and management accountant in a complex textile mill that employed over 5,000 hourly workers in three shifts.

Prior to his joining MBA degree program at Indiana State University in Terre Haute, Indiana, USA, in 1971, he had earned Bachelor of Commerce from the University of Mumbai and passed professional examinations leading to certification in management accountancy both from India and the United Kingdom. In 1972, he joined Indiana University’s Doctor of Business Administration (DBA) degree program an specialized in accountancy, organizational behavior, and management information systems.

Dr. Raval served as a director and chair of the audit committee of the board at two public companies during 2004-2010 period. Combined with his academic pursuits, this led to opportunities for him to grow his insights into governance and contribute to the public domain. The experience combined with study of empirical literature on governance improved his insights and sharpened his ability to separate “wheat from chaff.”

An author/co-author of three books and a monograph, he has published over 50 papers and contributed over 40 columns on two different themes, Information Ethics and, more recently, The (Professional) Practice where he co-authors with a professional leading edge practical insights on various topics. Whereas he taught a broad spectrum of courses over his academic tenure, his most recent offerings can be described as covering three domains: corporate governance, fraudulent financial reporting (and related ethical issues), and accounting information systems, including information security.

Table of Contents

About the Author ix

Foreword xi

Preface xiii

Part I Cornerstones 1

Chapter 1 Governance Matters 3

Chapter 2 Conceptual Foundations 15

Chapter 3 Governance and Risk 35

Chapter 4 Ethical Dimensions of Corporate Governance 45

Part II Governance Roles and Structure 59

Chapter 5 Role Players in Corporate Governance 61

Chapter 6 The Board of Directors 73

Chapter 7 Shareholders 93

Chapter 8 Internal Auditing Function 105

Chapter 9 Financial Reporting and External Auditing 121

Part III Governance in Action 139

Chapter 10 The Board in Action 141

Chapter 11 Management and the Board 157

Chapter 12 Shareholder Communication and Engagement 179

Chapter 13 Organizational Wrongdoing 195

Part IV Other Topics 207

Chapter 14 Governance of Non-Public Organizations 209

Chapter 15 Horizons of Corporate Governance 225

Appendix A List of Acronyms 241

Appendix B List of Web-Based Resources 243

Index 245

Editorial Reviews

"What I really like about this book is that it has adopted a pyramid style approach which means that it takes you through the basic foundational concepts and then deals with specific contents available to all the stakeholders like BODs, Shareholders, Internal/External Auditors, etc. Even the compliance part which is mostly theoretical is covered by way of touch-ups to give comprehensive information.

What I have enjoyed the most are the variety of case studies both simple and sophisticated, real case studies, ones that are embedded everywhere in the pages of the book to explain different concepts which makes this book accessible even for students to understand this theory in a practical way.

Lastly, my favorite chapter is the last chapter on horizons of corporate governance, because it covers the current business environment (including info on technology) in the world at large with its future issues and challenges. This makes it unique and will enrich the reader with regards to what's going on now and what's expected in future."

- Alka Adatia, Chartered Accountant and Certified Fraud Examiner

"The book delivers on the premise of being a pragmatic guide. For any new auditors, accountants, directors and investors, it provides a thorough examination of the corporate governance framework and its actors. For experienced practitioners, it provides a refresh and update on the corporate governance framework."

- Ken Doughty, CISA, CRISC, CBCP, CPRM, CRMA

From the Publisher