ABSTRACT
This chapter presents some closing thoughts on the concepts discussed in the preceding chapters of this book. The book examines a number of issues related to the intersection between Corporate Governance and auditing. It presents the author's research objectives, anticipated outcomes and the likely limitations of his study. The book reports the findings of the investigation into the relationship between Audit Committee activity, audit and non-audit fees. It establishes the type of relationship that currently exists between the Audit Committee as a tool of Corporate Governance and auditor independence. The book introduces the regulatory framework for auditing and Corporate Governance, but its contribution was a thorough review of the key literature shedding light on what was an issue. It analyzes the relevance of the various theories. Agency cost theory suggests that introducing monitoring and control mechanisms should alleviate firms' exposure to agency costs. The book provides a pathway for future research and presents some policy recommendations.
