The committee of the board of directors who is in charge of monitoring circumstances that might prevent the entity from achieving their objectives Group of answer choices Management committee Audit committee Compensation committee Risk committee

How can a financial auditor use the following topic in his future work? Analyze the roles of the parties that contribute to corporate governance, recognizing that each has its own internal governance structures Evaluate the prescribed roles and responsibilities of the parties involved in corporate governance against their real-world manifestation Recognize both the motivations of and temptations faced by those involved in the governance process and evaluate them against processes and controls aimed towards ensuring ethical behavior and transparent, high-quality reporting. Distinguish form from substance as it relates to parties exercising control over an entity and learn to apply this knowledge when evaluating a variety of different accounting and auditing matters Dissect elements of certain seminal accounting and auditing events in order to evaluate their effect on the corporate governance landscape.

Various organizations develop standards for audits and regulate CPA firms. Compare and contrast the roles of the AICPA, the PCAOB, and the state boards of accountancy along the following dimensions: a. Standard setting. b. Regulation of CPA firms. c. Source of authority.

g. In general, internal auditors' independence will be greatest when they report directly to the: Multiple Choice O Financial vice president. Corporate controller. Audit committee of the board of directors. Stockholders.