What are some ways a board can train their employees to be effective in its financial decision making ?

Q: What actions that shareholders can take to ensure that management's and shareholders' interests are…

A: The shareholders are the owners of the company. They are responsible for the decision making and…

Q: What is the role of the Public Company Accounting Oversight Board?

A:

Q: What is the Machiavellian approach to decision making?

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: How does the accountant's focus on the commercial goals as a priority affect the performance of his…

A: Accountants are the professionals which have the specialized degree to prepare accounts of the…

Q: Explain Stakeholder Theory. Discuss the roles play by the board of directors in the application of…

A: Stakeholders are people that are directly related to the firm. These include shareholders,…

Q: What actions that shareholders can take to ensure that management’s and shareholders’ interests are…

A: Shareholders are individuals that own shares in the company and thus has some percentage in the…

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: or in the implementation of cor

A: Auditing plays a key role in Corporate Social Responsibility (CSR) and corporate governance.…

Q: Who uses information from an accounting​ system?       A. ​Stockholders, investors, taxing​…

A: A set of accounting procedures and techniques is referred to as the accounting system. Its main aim…

Q: conflicts that might exist in the relationship between’ i) Shareholder and managers

A: Agency relationships are relationships which exists between two parties. One party called as the…

Q: Discuss the tension between Corporate Social Responsibility and the management's fiduciary duty to…

A: The management is the executives taking an acting decision on the behalf of the shareholders. The…

Q: What position is typically responsible for general financial accounting, managerial accounting, and…

A: General financial accounting means to do the regular accounting reporting, managerial accounting…

Q: discuss in detail the adminstration of financial management within the public sector

A: Financial management include applying general management concepts to the enterprise's financial…

Q: How does the Sarbanes–Oxley Act contribute to accurate and quality financial reporting by public…

A: Sarbanes Oxley Act:   Sarbanes Oxley Act is a federal law established auditing and financial…

Q: Are accountants and auditors moral agents of corporations and society? Explain.

A: Moral responsibility means a liability of an individual to perform tasks in a moral or ethical…

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: 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: Who should prepare a social audit for the firm?

A: The report about what organization is doing for social issues is called social audit. An…

Q: For your area finance evaluate how appropriate the executive performance measures and incentives are…

A: The question is based on the concept of performance link incentives for top-level managers. The…

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: Discuss the agency theory, the stewardship theory, and the stakeholder theory in corporate…

A: Corporate governance refers to the system which formulates the desired set of rules and regulations…

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: Is the Strategic Stakeholder model of Corporate Social Responsibility closer to the Shareholder…

A: We have to briefly understand what are  Strategic Stakeholder Model of Corporate Social…

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 what responsibility accounting is and how budgets are used in responsibility accounting. How…

A: Responsibility accounting: Responsibility accounting includes accounting and forecasting. It assists…

Q: What is involved in the legal requirements of financial governance? Select an answer: having a…

A: According to the given question, we are required to find out the correct option from the available…

Q: The expectations gap is:a. what financial information management provides and what users want.b.…

A: Expectation gap: The difference between public expectation and what the auditors provides. As per…

Q: Explain why establishing accounting standards is characterized as a politicalprocess

A: The standard setting process is a political process that is affected by the impact of several…

Q: Discuss about the role of Corporate Governance in protecting the rights of the Shareholders.

A: Corporate Governance is a practice introduced by the market regulator for better disclosure and…

Q: Which of the following statements regarding users of financial information is correct? Managers of…

A: Financial statement means the statement including income statement , balance sheet , cash flow…

Q: What is the impact of being registered with the Public Company Accounting Oversight Board?

A: The Public Company Accounting Oversight Board (PCAOB) refers to a non-profit organization that was…

Q: How can a balanced scorecard be used to address Corporate Social Responsibility objectives?

A: Over the last few years, corporate social responsibility (CSR) reporting has increased, but the data…

Q: How do the shareholders of an organization can encourage its manager to act in a way which is…

A: The primary objective of any organization is to increase shareholders wealth.  Wealth maximization…

Q: A Board of Directors duty is to: a) Safeguard the interest of a firm's stakeholders b) Protect a…

A: A Board of Directors duty is to formulate a company's strategy.

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: CEO compensation design is effective in controlling the behavior in their decision making. How a…

A: The investment decision in the company implies investing funds in the long-term and the short-term…

Q: What characteristics of the board of directors usually lead to effective corporate governance?

A: Corporate governance: It is the blend of laws, strategies, or laws that run, direct or oversee…

Q: What roles must a professional accountant be prepared to perform in regard to ethical…

A:

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: 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…