Who are potentially the most effective instrument of good governance of a corporation? a. Government b. Board of director c. Creditors d. Auditors

Q: The agency problem underlies the need for sound corporate governance. In this context, the 'agents'…

A: The agency problem is a conflict of interest inherent in any relationship where one party is…

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: Critically elaborate on the role and the balance of power of the Board of  Directors and the…

A: Board of Directors The main function and duties of Board of Directors which has the right to recruit…

Q: Who makes the financial decisions for a corporation?                   Select one: a. Financial…

A: Financial accountants act as consultant of corporate managers and prepare budgeting and maintain the…

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

A: Internal auditor performs internal audit functions.

Q: Important of comply or explain model of corporate governance

A: The set of rules, methods, and practices for guiding and controlling market enterprises is referred…

Q: or in the implementation of cor

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

Q: The success of any organization heavily depends on the efficiency of the corporate governance. The…

A: Organization goal: The main goal of the organization is to maximizing the revenue along with…

Q: Stockholders of a corporation directly elect thea. chairperson of the board.b. board of directors.c.…

A: Stockholders of a corporation are the owners of a corporation.

Q: hat is the difference between internal corporate governance to external corporate governance in…

A: Internal corporate governance: Internal corporate governance controls monitor activities and then…

Q: Using any of the defunct banks as a case study, justify how this definition is in line or deviates…

A: Corporate governance provides the structure through which the objectives of the company are set and…

Q: corporate gover

A: The link is given as,

Q: Which of the following is true of financial institutions? A. Financial institutions are the…

A: A financial institution (FI) is a business that deals with financial and monetary transactions like…

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: What type of organization primarily offers tax compliance auditing and consulting service A.…

A: It’s a business that provides accounting expertise, such as auditing and tax services, to…

Q: Financial reporting depends on the needs of external users of the information reported. Who are the…

A: Financial reporting is done and provided by all types of companies irrespective of the industry in…

Q: These are the persons elected and designated by the shareholders who are responsible for the…

A: Company although owned by various owners is controlled and managed by a few selected individuals who…

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: (ii) The oversight function of corporate governance is performed by: A. The company's board of…

A: The oversight function of corporate governance is performed by A. The company's board of directors…

Q: Distinguish between government and not-for-profit organizations from business entities and describe…

A: Business entities are described as those units which are formulated to provide professional…

Q: Recommend actions for corporation companies on how to maintain or perhaps improve more their o

A: Answer: Corporate companies are those companies which are into the dealing with services and direct…

Q: Reasons for the need for corporate governance codes

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

Q: In Corporation Law, the application of the principle of “Centralized Management” has brought about…

A: Answers

Q: As per ISA 570, Who of the following is responsible for assessing the entity going concern…

A: Auditor is the person who is responsible for performing audit work. Going concern assumption says…

Q: 29. __________________helps, to ensure that corporations take into account the interests of a wide…

A: Corporate governance helps, to ensure that corporations take into account the interests of a wide…

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: Independent and competent audit committee improves corporate governance

A: Audit committee is a group of directors who monitor the financial reporting activities in an…

Q: Explain the key principles that financial managers use when making business decisions and Describe…

A: A business organization is defined as an entity that is being incorporated with the aim to carry on…

Q: what are the goals of financial management for a corporation

A: Financial management means planning, organizing, directing, and managing a company's financial…

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: State two desired characteristics of the Board of Directors of an effective corporation.

A: Board of directors: Board of directors is a chosen cluster of persons that signify shareholders. The…

Q: true or false.a. The policy-making body in a corporation is called the board of directors

A: Board of directors: The team of elected individuals who represent to shareholders and establish…

Q: Explain the fundamental principles of corporate governance

A: Solution:- Corporate governance is the system of rules, practices, and processes used to management…

Q: The scope of external audit is decided by the: a. Shareholders b. Government c. Management d. Audit…

A: Audit means checking and authenticating the financial statements of the company whether they are…

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: Explain an agency problem for a corporation with examples, and identify means by which the firm can…

A: An agency problem is a common problem existing in firms which arises when a conflict of interest…

Q: corporate governance

A: Option a is wrong because the term legal is not associated with corporate governance or…

Q: What issue does agency theory examine? Why is it important in a public corporation rather than in a…

A: Agency theory states the fiduciary duty of management towards the shareholders. The duty is to…

Q: ir financial statement presentations

A: Earlier, financial reports were made physically, but with automation, the time has changed. Now…