Assume that your audit team is responsible for planning the audit for the Woolworths Group for the year ended 30 June 2016 (https://wow2016ar.qreports.com.au/)
In relation to corporate governance research and justify your answer to the following questions:
(A) Does the above company have any process relating to corporate governance? Under which section of the annual report would you expect to find information on it?
(B) Does the company have an audit committee and does the audit committee have the correct composition?
(C) In your team’s opinion, are audit committees of benefit to the auditor, the company, the auditing profession and/or society as a whole? Why or why not?
Please do not include introduction and conclusion, just analysis.