The IASB has how many board members?

Q: For each requirement, state how it is intended to help to address the risk of fraud in publicly…

A: Answer: With the increase of fraud cases and scams in public companies, different acts were…

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: What are the principal considerations of a board of directorsin making decisions involving dividend…

A: Definition:

Q: Corporate officers are Group of answer choices  elected by the shareholders.  appointed by the board…

A: Corporate officers are individuals who are responsible to for day to day operations of the company.…

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: The use of the Certified Public Accountant title is regulated by Select one a the Securities and…

A: Corporate finance is referred as the decision of the firm to take capital investments and other…

Q: In case of electric cooperatives, the quorum required in the meeting of the general assembly is O…

A: According to Electric By-Laws, Quorum required for general assembly meeting shall be at least 5% of…

Q: A company's "Board of Directors" is elected by that company's

A: A board of directors is essentially a panel of people who are elected to represent shareholders.…

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: Which of the following agencies issues independence rules for the auditors of public companies?a.…

A: Auditor: The person who is considered responsible for assessing the credibility of the financial…

Q: Discuss whether it would be desirable to have one model of corporate governance applicable to all…

A: Corporate governance refers to the ethics, set of rules, the culture that is required to be followed…

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: A press release announcing the appointment of the trustees of the new Financial Accounting…

A: Requirement a:   The organization that sponsors FASB is the Financial Accounting Foundation. They…

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: 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: 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: Name Five factors of a firm's board of directors an analyst should examine

A: Board of directors is very important in company because every decision making is done by management…

Q: Who must register with the Public Company Accounting Oversight Board?

A: Public Company Accounting Oversight Board refers to the non-profit organization which regulates…

Q: The Federal Open Market Committee (FOMC), is led by Chair Powell. What does this committee do, and…

A: The question is based on the concept of monetary policy and The Federal Open Market Committee…

Q: Under Section 5 of RA 9298, who shall appoint the members of the Professional Regulatory Board of…

A: Republic act NO 9298 was enacted with a view to regulate the accounting practice in the Philippines.

Q: Answer of the following question related to these characteristics and constraints. Donald Kirk,…

A: Accounting assumption: These are the accounting practices or principles which are considered to be…

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: 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: What are some of the major divisions and offices within the SEC?

A: Securities and Exchange Commission (SEC):   The board which set rules for the companies for…

Q: PICPA (Philippine Institute of Certified Public Accountants) has a total of ___ board members.

A: PICPA is the Philippine Institute of Certified Public Accountants.

Q: What are the process during a committee meeting?

A: A committee meeting is a formal gathering of a subgroup within an organisation who come together to…

Q: Which of the following statements is true? a.    The IASB has the same number of members as the…

A: International Accounting Standards Board (IASB): IASB is the board which frames, develops, approves,…

Q: Define board of directors

A: Corporate: It can be defined as an organization consisting of a group of people and is authorized by…

Q: What is  the composition of a state or local government’s comprehensive annual financial report…

A: Comprehensive Annual Financial Report:   CAFR stands for "Comprehensive Annual Financial Report". A…

Q: Briefly explain any five responsibilities that fall under the  Board of Directors   ( BOD ) over…

A: The board of directors are a group of people who represent shareholders and are involved with…

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 among the following should ensure that all directors are properly briefed on issues arising at…

A: The answer are as follows

Q: Which of the organization monitor the activities of the International Ethics Standards Board for…

A: The objective of public interest oversight board emphasis on safeguarding the interest of public…

Q: Explain the importance of an active board of 'directors' audit committee to an organisation. (LONG…

A: The audit committee is the board of directors' independently chartered panel. The audit committee…

Q: The Sarbanes-Oxley Act provides for requirements with respect to which committee(s) of a company's…

A: The Sarbanes-Oxley Act (or SOX Act) refers to a form of federal law incorporated by United states…

Q: Prepare the journal entries in the books of the corporation.

A: The partnership refers to a general agreement among the partners for carrying a legal business and…