1.1 You have just joined Pandemic Limited as a director. You then noted that your co- directors know nothing about corporate governance and there were no governance structures. Write brief notes that will help you co-directors understand what corporate governance all is about.
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- Write 3 pages essay: "What are the main principles of ethical reporting and good corporate governance"Does every company have both a controller and a treasurer? Explain. Question content area bottom Part 1 A. A controller is concerned mainly with the company's financial matters, the treasurer with operating matters. In small organizations, there are sufficient activities associated with both financial and operating matters to justify two separate positions. In a large organization, the same person might be both treasurer and controller. B. A treasurer is concerned mainly with the company's financial matters, the controller with operating matters. In large organizations, there are sufficient activities associated with both financial and operating matters to justify two separate positions. In a small organization, the same person might be both treasurer and controller. C. A treasurer is concerned mainly with the company's financial matters, the controller with operating matters. In small organizations, there are sufficient activities…Within corporate governance, discuss the agency theory, stewardship theory, and stakeholder theory.explain in detail otherwise ill give u downvoteExplaina in 10 min.
- Assume that you work for a Fortune 500 level company at corporate headquarters. Due to your excellent performance and the fact that the CEO of your firm noticed that you had listed on your resume' that you had taken a graduate-level Management Accounting course from a reputable institution, the CEO has sent you an email containing a request that you respond to two very important questions. The CEO needs your answers within a relatively short time frame of making the request. The questions are: #1. What criteria should the operating units (i.e. producing segments of the firm) use when deciding whether to use job-order costing or process costing approaches for costing the products they produce? #2. For costs that cannot be traced, what tests should a cost allocation basis (not the cost allocation method) meet before that cost allocation basis (direct labor hours, machine hours, direct labor cost, etc.) can be used to allocate costs in the organization?Problem 1.11 Using the code of ethics for management accountants, evaluate the changesthat Silverado's management is considering, and discuss the specific stepsthat Larry Stewart should take to resolve the situation. (CMA adapted)V5. You have been hired as corporate governance advisor by the Palestinian Capital Market Authority and have been asked to indicate whether the following actions ‘Increase Management Power, ‘Increase Stockholder Power, or ‘No Effect’ and give a very short rationale for each answer. PADICO decides to expand its board of directors from 10 members to 20 members and allows the CEO to select the new directors.
- Role of controller, role of chief financial officer. George Jimenez is the controller at Balkin Electronics, a manufacturer of devices for the computer industry. The company may promote him to chief financial officer. 1. In this table, indicate which executive is primarily responsible for each activity. 2. Based on this table and your understanding of the two roles, what types of training or experience will George find most useful for the CFO position?Assume Ethan Lester and Vick Jensen are CPAs. Ethan was seen as a “model employee” who deserved a promotion to director of accounting, according to Kelly Fostermann, the CEO of Fostermann Corporation, a Maryland-based, largely privately held company that is a prominent global designer and marketer of stereophonic systems. The company has an eleven person board of directors. Kelly considered Ethan to be an honest employee based on performance reviews and his unwillingness to accept the promotion, stating that he wasn’t ready yet for the position. Kelly admired his willingness to learn and grow, not just expect a promotion. Little did she know that Ethan was committing a $50,000 fraud during 2015 by embezzling cash from the company. In fact, no one seemed to catch on because Ethan was able to override internal controls. However, the external auditors were coming in and to solidify the deception, he needed the help of Vick Jensen, a close friend who was the accounting manager and also…Assume Ethan Lester and Vick Jensen are CPAs. Ethan was seen as a “model employee” who deserved a promotion to director of accounting, according to Kelly Fostermann, the CEO of Fostermann Corporation, a Maryland-based, largely privately held company that is a prominent global designer and marketer of stereophonic systems. The company has an eleven person board of directors. Kelly considered Ethan to be an honest employee based on performance reviews and his unwillingness to accept the promotion, stating that he wasn’t ready yet for the position. Kelly admired his willingness to learn and grow, not just expect a promotion. Little did she know that Ethan was committing a $50,000 fraud during 2015 by embezzling cash from the company. In fact, no one seemed to catch on because Ethan was able to override internal controls. However, the external auditors were coming in and to solidify the deception, he needed the help of Vick Jensen, a close friend who was the accounting manager and also…
- Assume Ethan Lester and Vick Jensen are CPAs. Ethan was seen as a “model employee” who deserved a promotion to director of accounting, according to Kelly Fostermann, the CEO of Fostermann Corporation, a Maryland-based, largely privately held company that is a prominent global designer and marketer of stereophonic systems. The company has an eleven person board of directors. Kelly considered Ethan to be an honest employee based on performance reviews and his unwillingness to accept the promotion, stating that he wasn’t ready yet for the position. Kelly admired his willingness to learn and grow, not just expect a promotion. Little did she know that Ethan was committing a $50,000 fraud during 2015 by embezzling cash from the company. In fact, no one seemed to catch on because Ethan was able to override internal controls. However, the external auditors were coming in and to solidify the deception, he needed the help of Vick Jensen, a close friend who was the accounting manager and also…When you're writing a business message, use headings and subheadings to Select one: a. all of the above. b. indicate shifts from one idea to the next. c. capture the attention of your readers. d. reveal how your document is organised. During the revision process, how should you treat the most important ideas in a message? Select one: a. Prioritise ideas based on corporate norms b. Do a second pass at the outline to make sure you hit all the key points c. Use bold and italics generously to highlight important ideas d. Make sure they get the most attention in the document and are in the most prominent positions e. Verify your research Which of these is an important goal when you are evaluating the content of a message? Select one: a. Making sure all ideas get the same amount of space b. Verifying that the message is long enough for corporate guidelines c. Verifying that it's easy to identify sources of information d. Ensuring a good balance of general and specific…fast pls One of the objectives of a system of corporate governance is to secure the effective, sound andefficient operation of companies. This objective transcends any legislation or voluntary code.Good corporate governance embraces not only making the company prosper but also doingbusiness in a legal and ethical manner. A key element of corporate governance is the auditcommittee. The Audit Committee is a committee of the board of directors and is of a voluntarynature regulated by voluntary codes.You are required to:i) Explain how an audit committee could improve its effectiveness on internal auditor's internalcontrol review and oversight work.ii) Discuss the problems associated with initiatives that been put forward to ensure independenceof members of audit committee.