A New Perspective on Relationship between Corporate Governance and Auditing

Abstract

This paper clarifies a new perspective on relationship between corporate governance and inde
pendent auditing, and reexamines the contribution of independent auditing to corporate govern
ance through the discussion of the relationship between corporations and society as recently 
brought up concerning Corporate Social Responsibility (CSR). Because we nowadays can no 
longer accept uncritically the conventional perspective on relationship between corporate gov
ernance and independent auditing under today‟s corporate governance. We need to reconsider 
the view of how corporations and auditing should be toward rebuilding public trust, and to un
derstand the importance of auditing in today‟s corporate governance.