Enhancing corporate accountability through effective audit system

Abstract

Corporate accountability has emerged as one of the most critical concerns in the contemporary business environment. In an era characterized by rapid globalization, digital transformation, and heightened stakeholder expectations, the demand for transparency, ethical conduct, and responsible management has intensified. Corporations are no longer judged solely by their financial performance; they are also evaluated on their governance practices, compliance with regulations, and commitment to ethical standards. An effective audit system plays a central role in ensuring that organizations meet these expectations. Auditing serves as a systematic and independent examination of financial records, internal controls, and operational procedures, thereby acting as a powerful mechanism to detect irregularities, prevent fraud, and promote good governance.