Board composition in comporate governance

Q: What is interlocking boards of directors?

A: Interlocking boards of directors: Interlocking directorates could be a corporate movement in which a…

Q: How governance can be used in the National Governance? Give appropriate examples.

A: Governance refers to the system through which the firm is controlled as well as operates and also…

Q: roles of directors in apublis c

A: Step 1 - Role of board of directors The roles of the board of directors are given below. 1.) The…

Q: Corporate officers are Group of answer choices  elected by the shareholders.  appointed by the board…

A: Corporate officers are individuals who are responsible to for day to day operations of the company.…

Q: what does the success of the board of directors in fulfilling its oversight responsibilities depend…

A: Answer: The board of directors of any company are formed so that to check the operations of the…

Q: Which of the following “bodies designated by Council” have been authorized to promulgategeneral…

A:

Q: Who appoints the internal auditor? a. Management b. Government c. External stakeholders d. Members

A: Internal auditor performs internal audit functions.

Q: Define professional corporation

A: Answer: A corporation is a separate legal entity to be registered under state law from its managers…

Q: What exactly are Institutional Review Boards (IRBs)?

A: This question explains about Institutional Review Boards (IRBs):

Q: What provisions of the AICPA Council Resolution on form of organization place control of…

A:

Q: Describe the provisions of the Sarbanes–Oxley Act as they relate to the creation and…

A: The Sarbanes-Oxley Act is a federal law established to uphold and ensure strict auditing and…

Q: A company's "Board of Directors" is elected by that company's

A: A board of directors is essentially a panel of people who are elected to represent shareholders.…

Q: Why is an active board of directors’audit committee important to an organisation.

A: Auditing means the inspection of financial accounts of the company to determine if the records are…

Q: Support for Politicization of rule making for accounting standards

A: The politicization of accounting rulemaking should not be viewed in a narrow sense. As accounting…

Q: what you consider as effective board pract

A: We consider Effective Board practices as;         A diverse board of directors with diverse members…

Q: The FASB’s conceptual framework sets forth the Board’s views on which topics?

A: This is the organization that creates, develops, and approves accounting standards; and…

Q: Board of Director

A: Correct Answer :- D Board  of Director.

Q: What are the qualifications of a member of the Board of Directors?

A: Associations of various types from little charities to mega enterprises are administered by a top…

Q: Which of the following statements about desirable attributes of accounting standards boards is most…

A: Accounting standards boards should not concede to political pressures because then it will not be…

Q: What factors improve the effectiveness of a board of directors?

A: Board of Directors: The people appointed on behalf of shareholder and equity investors to ensure…

Q: Discuss how the performance and effectiveness of the board can be assessed.

A: As the performance of each employee in the organization is evaluated and analyzed time to time, it…

Q: The authority to appoint first independent auditor is vested to __________ a. The shareholders b.…

A: The first auditor of a company shall be appointed by board of directors with 30 days from the date…

Q: briefly describe the responsibilities of the Board of Director

A: Governance committee is for looking governance in company. Board of directors who guide and govern…

Q: Describe the importance of an active board of directors audit committee to an organisation.

A: Audit committee is the committee of Board of Directors (BOD) of firm which is accountable as well as…

Q: Discuss what you consider as effective board practices

A: Effective board: an effective board contributes to the organization's development and puts efforts…

Q: why is an active board of directors audit committee important to an organization?

A: Audit: An audit is an organized and self-regulated inspection of books of accounts. This inspection…

Q: Budgets in governmental organizations serve :as all of the following except .a Control mechanisms .b…

A: Budget is the quantitative expression of estimated future course of action. For example, Sales…

Q: how we share our findings and concerns with the board of directors in internal control system?

A: Management is in-charge of the establishment and maintenance of the internal audit function. An…

Q: we discussed the role of an active board of 'directors' audit committee from different aspects. In…

A: The primary function of the audit committee of the company is to provide oversight of the financial…

Q: What are the responsibilities of the Board of Directors for the financial statements? Or…

A: Financial statements are important because they provide vital information related to the financial…

Q: Explain Institutional Review Boards?

A: Under bureau tips, associate bunch assigned to audit and screen medicine exploration as well as…

Q: escribe the necessity, purpose and potential makeup of a board of director

A: For public companies having a proper board of directors is important. This is because public…

Q: How governance can be used in the Local Governance? Give appropriate examples.

A: Governance is a system of developing and managing different policies relating to people for their…

Q: What measures does the governance board can put into place to establish ethical expectations.

A: Corporate governance is established by an organization where rules are set to operate and regulate…

Q: The IASB has how many board members?

A: International Accounting Standards Board (IASB): IASB is the board which frames, develops, approves,…

Q: merits and demerits of organizational structure

A: Organizational structure is a structure that defines the flow of activities within the organization.…

Q: what are the responsibility of Board members with regards to internal controls?

A: Internal Controls Internal controls refer to the rules, regulations, or processes implemented by a…

Q: Discuss the common goal that IASB, FASB and other regional accounting bodies intend to achieve by…

A: A conceptual frame work is defined as the systematic formation of ideas and objectives leading to…

Q: Define board of directors

A: Corporate: It can be defined as an organization consisting of a group of people and is authorized by…

Q: Briefly explain any five responsibilities that fall under the  Board of Directors   ( BOD ) over…

A: The board of directors are a group of people who represent shareholders and are involved with…

Q: What rule/procedure must be observed so that formal meetings like that of the Board of Directors or…

A: Here given the details of the rules and procedures which are involved to arrange the meeting…

Q: Identify and describe the major corporate governance models, using a suitable example in each…

A: The major corporate governance models, using a suitable example in each instance:

Q: Who should set accounting standards? A government agency or private body such as the FASB?

A: Accounting standards are the rules and provisions that guide the manner in which accounting reports…

Q: Explain the importance of an active board of 'directors' audit committee to an organisation. (LONG…

A: The audit committee is the board of directors' independently chartered panel. The audit committee…