what does the success of the board of directors in fulfilling its oversight responsibilities depend on ?

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 is interlocking boards of directors?

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

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: What is the “special function” that auditors perform? Whom does the public accounting profession…

A: Auditing:   It is an independent examination of the financial information of an organization to test…

Q: Under the Public Financial Management Act, Audit Committees are required to play important roles in…

A: Audit Committees are required to play important roles in corporate governance and Accountability…

Q: Which one of the following is not the underlying principles of the corporate governance? Fairness…

A: Corporate governance means management of the corporate or companies with the help of rules,…

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

A: Internal auditor performs internal audit functions.

Q: Board composition in comporate governance

A: The question is based on the concept of the concept corporate governance and its management in a…

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

A:

Q: What is the meaning of Chief accountant of the SEC?

A: Securities Exchange Commission (SEC): This is the government agency that governs the working of…

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: 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: Explain the principles of agency theory and discuss the ethics of directors being able to decide…

A: The directors of the company will take care of any important decisions in the company. The company…

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: 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: 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: How does the Single Audit Act work?

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

Q: In what way Corporate governance is being applied in a government agency?

A: The corporate governance of the government authorities, through the provision of public services,…

Q: Reasons for the need for corporate governance codes

A: Introduction: Good corporate governance guarantees that the board of administrators meets on an…

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: Do you believe that corporate governance is only exercising power over entities by managing them?

A: Management: It defines an act or process of managing business activities. They perform the function…

Q: Should organisations operate in the interest of shareholders or the stakeholders?

A: Stakeholder means those person who use and study the financial statement and make the appropriate…

Q: Governance issues include the following except; Select one: a. Disclosure and transparency b. Role…

A: The term Governance refers to process which is designed to ensure the following quality in the…

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: How has the Sarbanes-Oxley Act had a significant impact on corporate governance?

A: Auditing: In auditing, auditors verify the correctness and fair presentation of 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: Why is an independent audit committee important to a company?

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

Q: Who is responsible for overseeing corporate activities?

A: Concept Introduction:   A company holds the money invested by its shareholders and investors; hence…

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: What is the role of commission on aud

A: Fiscal administration is the act of managing incoming and outgoing monetary transactions and budgets…

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: What is the SEC’s relationship to the Public Company Accounting Oversight Board?

A: The Sarbanes-Oxley Act created the Public Company Accounting Oversight Board to supervise the…

Q: While listing the functional Committees of the Board and explaining their significance, explain the…

A:

Q: ce firms are regulated primarily at the federal level and which at the state level? Can you see…

A: Step 1 International governments have several existing institutions that regulate and regulate…

Q: The committee of the board of directors who is in charge of monitoring circumstances that might…

A: In an organisation, various type of committees are being made and every committe has its purposes,…

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: 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 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: 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: the role of the Chief Audit Executive?

A: A chief audit executive or the head of the internal audit function in a company is a staff from the…