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(a) Explain clearly: (1) the relationship between the concepts of corporate governance and external audit and (ii) why external auditors require to concern themselves with

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(a) Explain clearly: (1) the relationship between the concepts of corporate governance and external audit and (ii) why external auditors require to concern themselves with corporate governance practice within client companies (12 marks) (b) Discuss the importance of audit committees and describe their main functions. (8 marks)

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