Accounting scandals across the world shaken the investment community at large. It increases the importance of good corporate governance for company. As a student of accounting, you have to answer the following questions: 1. Explain what is meant by corporate governance? (1 mark) 2. What are the advantages of good corporate governance? (3 marks) 3. What do you mean by Audit committee? (2 marks) 4. What is the role of Audit Committee in corporate governance code of Bahrain? (4 marks)