Corporate Governance Audit is a systematic and thorough examination of a company's corporate governance practices and structures. It is conducted to ensure that the company is adhering to the principles of good corporate governance and to identify any areas of weakness or non-compliance.

During a corporate governance audit, various components of governance are assessed. These may include the composition and functioning of the board of directors, the independence and expertise of board members, the establishment of board committees, and the quality and timeliness of financial reporting and disclosures. Other areas that may be examined include risk management processes, internal control systems, whistle-blowing mechanisms, and the company's engagement with shareholders and other stakeholders.

The audit process typically involves a comprehensive review of the company's documents, policies, and procedures, as well as interviews with key individuals and stakeholders. The auditors may also benchmark the company's practices against relevant corporate governance codes, laws, regulations, and industry standards.

After completing the audit, a report is prepared, highlighting the findings and recommendations. The report may identify areas of non-compliance or weakness and suggest measures for improvement. The report may be presented to the board of directors, management, and stakeholders, and it may be used as a basis for implementing corrective actions and enhancing the company's corporate governance practices.

Overall, a corporate governance audit is a valuable tool for companies to assess and enhance their governance practices, and to ensure they are meeting their legal and ethical obligations. It provides assurance to stakeholders that the company is committed to transparent and accountable corporate governance, ultimately contributing to its long-term success.