Which of the following statements is correct about the Global Reporting Initiative (GRI)? a) Only US companies are required to file a report based on the GRI. b) Its sole focus is on the shareholders of the company. Og Only corporations that have previously gotten in trouble and are on probation c) are included on GRI. d) All publicly traded companies are required by law to report based on the GRI standards. el It facilitates companies to report on social, environmental, and economic performance.

Which of the following statements is correct about the Global Reporting Initiative (GRI)? a) Only US companies are required to file a report based on the GRI. b) Its sole focus is on the shareholders of the company. Og Only corporations that have previously gotten in trouble and are on probation c) are included on GRI. d) All publicly traded companies are required by law to report based on the GRI standards. el It facilitates companies to report on social, environmental, and economic performance.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 11MC: Which of the following is true about the Sarbanes-Oxley Act? A. It was passed to ensure that...

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Which of the following is true about the Sarbanes-Oxley Act? A. It was passed to ensure that internal controls are properly documented and tested by public companies. B. It applies to both public and smaller companies. C. It requires all companies to report their internal control policies to the US Securities and Exchange Commission. D. It does not require additional costs or resources to have adequate controls.
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The top three issues for asset managers and their institutional customers, according to the US SIF, are: Conflict risk CEO dismissals Corporate governance Tobacco Securities fraud Climate change
In June 2001, in Oman, the Capital Market Authority issued the Corporate Governance Code, applicable to companies whose securities are listed on the Muscat Securities Market.The Code, drawn from codes of best practices from around the world but adapted to the local market, seeks to promote a "culture of compliance, transparency and accountability without limiting business initiative. Answer the following three questions Which of the following is not one of the International code of Corporate Governance? On retiring, a Chief Executive should become a chairman. At least half the board, excluding the chairman, should comprise non-executive directors Levels of remuneration should be sufficient to attract and retain directors The role of Chairman and chief executive officer should be separated
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In June 2001, in Oman, the Capital Market Authority issued the Corporate Governance Code, applicable to companies whose securities are listed on the Muscat Securities Market. The Code, drawn from codes of best practices from around the world but adapted to the local market, seeks to promote a "culture of compliance, transparency and accountability without limiting business initiative. Which of the following is not one of the International code of Corporate Governance ? At least half the board, excluding the chairman, should comprise non-executive directors On retiring, a Chief Executive should become a chairman. Levels of remuneration should be sufficient to attract and retain directors Chairman and chief executive officer should be separated
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Which companies are required to provide a U.S. GAAP reconciliation in their annual report filed with the SEC?a. All foreign companies listed on a U.S. securities exchange.b. Foreign companies listed on a U.S. securities exchange that use IFRS in preparing financial statements.c. Domestic U.S. companies listed on a U.S. securities exchange that use IFRS in preparing financial statements.d. Foreign companies listed on a U.S. securities exchange that use financial reporting standards other than U.S. GAAP or IFRS in preparing financial statements.