What are the advantages and disadvantages of audit committees in terms of auditor independence ?

                                                                                                                                                                            An audits committee is a committee comprising of- non executive  directors which is able to view a company ,s affairs is detached & independent way and collaborate effectively between the main board of directors and external auditors

*Advantages:

IT may improve the quality of management accounting as it will placed to critisicise internal functions-

- It should lead to better communication between the directors, external auditors and management.

- Disadvantages:

* Fear that their purpose is to catch management out

*A two- tier   board of directors

*Additional cost in terms. at least. of time involved

Agree with the above answer.