What rule/procedure must be observed so that formal meetings like that of the Board of Directors or in a General Assembly may be concluded in an orderly and productive manner?

Q: 1. Explain how an audit committee  could improve its effectiveness on internal auditor's control…

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

Q: Discuss the problems associated with initiatives that has been put forward to

A: To ensure the audit committee's independence, it's a number one application for the bulk of its…

Q: Governmental auditing can extend beyond audits of financial statements to include audits ofan…

A:

Q: what does the success of the board of directors in fulfilling its oversight responsibilities depend…

A: Answer: The board of directors of any company are formed so that to check the operations of the…

Q: Which of the following “bodies designated by Council” have been authorized to promulgategeneral…

A:

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: Do you know the purpose of an Audit Committee? In what ways do they operate and connect with the…

A: This question tells about the purpose of an Audit Committee? In what ways do they operate and…

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: The FASB’s conceptual framework sets forth the Board’s views on which topics?

A: This is the organization that creates, develops, and approves accounting standards; and…

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: General-purpose fi nancial statements are prepared primarily for:a. internal users.b. external…

A:

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: Discuss what you consider as effective board practices

A: Effective board: An effective board contributes to the organization's development and puts efforts…

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: Expound this statement: The Board should adopt a Code of Business Conduct and Ethics, which would…

A: A code of ethics is a collection of rules that professionals must adhere to to conduct business in a…

Q: Discuss the problems associated with initiatives that have been put forward to ensure independence…

A: To ensure the audit committee's independence, it's a number one application for the bulk of its…

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: we discussed the role of an active board of 'directors' audit committee from different aspects. In…

A: The primary function of the audit committee of the company is to provide oversight of the 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: What is an audit committee? What are its duties?

A: Audit committee: Audit committee is a sub-committee of board of directors which is responsible for…

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: Which of the following parties is responsible for the fairness of the representations made in…

A: Financial statements are the reports prepared to help the stakeholders to analyze the financial and…

Q: What measures does the governance board can put into place to establish ethical expectations.

A: Corporate governance is established by an organization where rules are set to operate and regulate…

Q: Who is the current chairman of the IASB?

A: The IASB is an independent accounting standard-setting body, based in London. It consists of 15…

Q: Discuss the problems associated with initiatives that been put forward to ensure independence of…

A: SOLUTION- To ensure the audit committee's independence, it's a number one application for the bulk…

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

A:

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: 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: 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: Define board of directors

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

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: Discuss the difference between the Management Letter and the Legal Representation Letter

A: Audit is conducted by auditor in which auditor assures (or denies) that the financial statements of…

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

A: The answer are as follows

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…

Managing Agency Conflict

Conflict is defined as an act of disagreement between two parties caused by uncertainties between them. The conflict has a negative outcome that affects both parties involved in the argument. Conflict arises when the parties' thoughts do not align or go in opposite directions. Conflicts have negative consequences for both the individual and the business. As a result, it should be avoided.