Explain how internal auditors’ sensitivity to ethical dilemmas might be influenced by corporate governance mechanisms.

Q: Who has responsibility for internal control in an organization? According to guidelines set forth in…

A: Sarbanes Oxley Act: In order to protect the rights of an investor from fraudulent practices by the…

Q: Auditors are important because they are able to provide assurance of an organization's financial…

A: Answer: Threats to independence occurs when there is audit in any company. There are various types…

Q: What do the ASX Corporate Governance Principles say about having an internal audit function?

A: Internal audit is the auditing process of the internal processes of a company such as accounting,…

Q: Given this, is the audit committee all that it is made out to be or is there still a case for the…

A: An audit committee is a subcommittee of the governing body of an entity, concerned with the quality…

Q: It has been said that independence is the cornerstone of the accounting profession. Explain what…

A: Given: The auditors are called as gatekeepers of accounting professionals. Considering the…

Q: Who is responsible to set policies on internal control? Chief Executive Officer Audit Committee…

A: Internal Control:- It is the process effected by a company's board of directors , management ,…

Q: “Relationship between corporate governance & auditing”.

A: Financial report: A financial report is prepared by the firm using the accounting standard and…

Q: type of the auditors

A: Audit of internal controls is done to ensure whether control function regarding each transaction is…

Q: Auditors are important because they are able to provide assurance of an organization's financial…

A: Answer: There is threat to auditor independence. These are of various kinds: self interest threat…

Q: What additional constraints and obligations do auditors face when doing nonaudit services for public…

A: Audit: The auditing process is the examination of financial statements for conformity.

Q: Why External Auditors are the better advocates for Good Corporate Governance? Please elaborate

A: Corporate Governance:  It is a system that directs and controls the functioning of the…

Q: Which one of the following is not true about internal auditors? Reports to management or those…

A: An internal auditor (IA) is an individual or company who audits the financial statements provided by…

Q: Why is it important for internal auditors to have a fundamental understanding of diverse business…

A: Introduction: An internal auditor is a corporate employee whose job is to verify the firm's…

Q: The internal audit activity most directly contributes to an organization’s governance process by A.…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Explain why managers who outsource their IT function may or may not also outsource responsibility…

A:

Q: As the Director of Audit of a multinational company, what role will you play in ensuring that good…

A: It is true that the corporate governance principles are universal for every organization but every…

Q: How do ‘audits’ work as a corporate governance mechanism

A: Introduction: An audit is an examination or audit by an auditor of various books of accounts,…

Q: Auditors are important because they are able to provide assurance of an organization's financial…

A: Intimidation Threat :- An intimidation threat occur if the professional accountant is intimidated by…

Q: Explain the relationship between corporate ethics and internal control.

A: Corporate ethics: Corporate ethics are also known as business ethics. It refers to policies,…

Q: Understand the role of a system of quality control and monitoring efforts in enabling public…

A: A system of quality control means that every professional is following every quality professional…

Q: Which of the following BEST describes a Step-up practice related to Effective Audit and Risk…

A: Answer:   Following is the description of a Step-up practice related to Effective Audit and Risk…

Q: In this section, we will discuss the numerous alternatives for putting an internal audit function…

A: The following are the many alternatives for efficiently placing an internal audit function within a…

Q: According to the Institute of Internal Auditors (IIA), Internal Auditors should play a key role in…

A: The IIA in their paper specified internal audit’s role in relation with ERM. Roles to be performed…

Q: How do the concepts of cognitive dissonance and organizational/ethical dissonance relate to whether…

A:

Q: Why is an independent audit committee important to a company?

A: Auditing:   In auditing, auditors verify the correctness and fair presentation of financial…

Q: Distinguish management’s responsibility from the audit committee’s responsibility for designing and…

A: Anti-fraud programs and controls depict the actions taken by the management to prevent and mitigate…

Q: For which of the following matters should an auditor obtain written management representations?…

A: Solution: Auditor should obtain written management representations with respect to "Management’s…

Q: ritique the following claim: External auditors independence would be strengthened if company…

A: Auditor is a person who is entrusted to verify the accuracy of records and authorised to review the…

Q: Why do we need internal, external and government auditor in a company?

A: An auditor is a person who is authorized to review and verify the correctness of financial documents…

Q: Analyse the impact of corruption on good governance and assess the determinants of best practices in…

A: Answer: Corruption is the core challenge for sustainability and growth of the economy.…

Q: what is the role of an audit director in ensuring good corporate governance of a multinational…

A: Corporate governance is defined as the systems of processes, rules and practices through which the…

Q: firms must audit their resources at the corporate level

A: Resources are the available economic items of the firm with which it can operate business.

Q: What role does the auditor play in gaining a knowledge of internal control? What is the difference…

A: Before completing audit processes, the auditor is responsible for knowing the organization's…

Q: Which of the following is not a way by which the Sarbanes-Oxley Act attempts to ensure auditor…

A:

Q: y be more successful in its monitoring and assessment of internal controls by internal auditors.

A: Internal controls are policies  processes used by management to guarantee that  financial statements…

Q: internal and external audit

A: Internal audit is a process done by auditors appointed by management to act as a check on the day to…

Q: Auditors get an awareness of a company's internal control systems for a variety of reasons

A: Auditor: The auditor is the one who is believed to be in charge of determining the integrity of the…

Q: When it comes to the smooth running of a company, what role does an auditor play? Using relevant…

A: For smooth running of the organisation the auditor must ensure that the company is complying with…

Q: Determine if government regulations such as SOX and PCAOB are effective in reducing unethical…

A: Following a series of failures involving several functions supposed to protect the interests of the…

Q: Which threat may occur when a professional accountant may be deterred from acting objectively by…

A: Intimidation threat may occur when a professional accountant may be deterred from acting objectively…

Q: Please respond promptly:…

A: Introduction:- Internal control means:- Internal controls are company policies and procedures and…

Q: Explain why many people think of internal auditors as theprimary group responsible for conducting…

A: Audit: Audit is the process of verification of the compliance of the financial statements. It…

Q: Consider the following statement and explain the relationship between legal compliance on a global…

A: The statement in the question states that the ethical responsibilities of an auditor are above his…

Q: How can board members and senior managers actually monitor and control ethical behavior in a…

A: Ethical Behavior Ethical behavior is considered to be one of the important aspect of the business…

Q: Explain one way the external auditor's responsibilities regarding a public company's system of…

A: Auditor is the independent personnel who is responsible to evaluate and check the accuracy and…