Jill Solomon, in her book Corporate Governance and Accountability (2010) poses the question “How does financial accounting information help shareholders to monitor and control company management in an agency theory framework?”(Page 154). Attempt to provide a cogent answer to this question.
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Jill Solomon, in her book Corporate Governance and Accountability (2010) poses the question “How does financial accounting information help shareholders to monitor and control company management in an agency theory framework?”(Page 154). Attempt to provide a cogent answer to this question.
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- Which of the following are affected by the quality of an organization’s internal controls? a. Reliability of financial data. b. Ability of management to make informed business decisions. c. Ability of the organization to remain ¡n business. d. All of the above. e. Only a and c.What is the role of the Sarbanes-Oxley Act and the Public Company Accounting Oversight Board?1.Assume that Management had determined that its organization’s audit committee is not effective. How do the weakness in audit committee affect management’s evaluation of internal control over financial reporting? Would an ineffective audit committee constitute a material weakness in internal control over financial reporting? State the rationale for your response. 2.Why is there a need for a corporation to maintain a comprehensive and cost-efficient communication channels to shareholders and other investors? https://t.co/T2YunPMci6 may participation of employee in corporate governance be encouraged?https://t.co/R4EZqrqGgG whom is the board of directors accountable? 5.Does good governance require absolute rules that must be adopted by all organizations? Explain.Link: https://t.co/iuDNqprARZ Subject: management, accounting
- Identify any corporate governance issues that hinder smooth financial management that prevail in yourcountry. The presentation mainly highlights the following issues:a) What is it?b) Where it occurs?c) Detailed threats it poses to the business market or specific organization(s).d) Suggest solutions to what can be done.The study of corporate governance and the Code of Ethics for Professional Accountants is essential for accountants so that they can make appropriate accounting policy choices when presented with earnings management issues. refer a examples from recent corporate collapses to support your arguments.Which of the following is not a provision of the Sarbanes-Oxley Act as to the responsibility of a company's top managers? Question 3 options: They must establish formal procedures to receive, retain, and address any information that may affect the company's accounting. They must certify that they are primarily responsible for the company's internal controls over financial reporting. They must certify that the company's financial statements are fairly presented. They may deny responsibility for certain financial reporting matters if they are not knowledgeable about the proper accounting procedures for those transactions.
- Corporate governance involves a set of relationship between a company’s management, its board, its shareholders and other stakeholders. Corporate governance also provides the structure through which the objectives of the company are set, and the means of attaining those objectives and monitoring performance are determined (OECD, 2004). Using any of the defunct banks as a case study, justify how this definition is in line or deviates from good corporate governance as exhibited by the leaderships of the bank.The objective of financial reporting is to provide information about the financial position, performance and as well as changes in financial position of a business in order to assist in making economic decisions. Briefly discuss the importance of the financial reporting framework and its role in corporate governance.7.What are the three major areas of accounting? 8.What is the purpose of the Financial Accounting Standards Board? 9.What groups consistently offer opinions about proposed FASB statements? 10.What is the function of the Securities and Exchange Commission? 11.What led to the passage of the Public Company Accounting Reform and Investor Protection Act of 2002? 12.What is the purpose of the Public Company Accounting Oversight Board?"
- 7. What is the role of management accountants in an integrated reporting practice of the corporation? 8. Why governance matters in an integrated report? 9. Is it bad for an entity not doing an integrated report? Why?What is the role of accounting in corporate governance and accountability, and how can accounting practices be used to ensure that companies are operating in a responsible and sustainable manner?Discuss the role of the agency theory in explaining the relationship between shareholders and management in accounting and corporate governance.
