Corporate governance co Study guides, Class notes & Summaries

CIPS L4M1 - Key Phrasesartificial intelligence - correct answer Machines that display human-like intelligence Assets - correct answer resources owned by a business audit - correct answer A systematic inspection of a process or procedure to assess compliance with requirements or regulations Batch Quantity - correct answer Amount of products produced at a time benchmark - correct answer Compare an element of one business, such as price, quality or service against another Bid - ...

Treadway Commission - Answer- Formed in 1985 with the purpose of defining the responsibility of the auditor in preventing and detecting fraud The OECD Principles of Corporate Governance are required to be implemented by all corporations in the jurisdictions that have officially adopted them. T/F? - Answer- False The _______________ provide(s) guidance for policy makers in evaluating and improving the legal, regulatory, and institutional framework for corporate governance. - Answer- OECD Pr...

Many organizations use ____ for all our parts of the report to increase accountability and reduce the likelihood that the report will appear to be a marketing tool correct answers Verification and assurance processes Define governance correct answers a set of relationships between a company's management, its board, its shareholders, and other stakeholders. sets the structure of the co. objectives and monitoring performance Who can be considered a stakeholder? correct answers Shareholde...

Corporate governance can be distilled down to what two factors, known as the two 'A's' of corporate governance? - Answer Accountability and alignment. Talk through the two 'A's' of corporate governance. - Answer Accountability: Who's on the board, who are they responsible/accountable to, and do they produce a set of accounts which are true and fair. Corp governance focuses on board structure, director independence and accurate accounts, as well as who will take responsibility. Alignm...

AUE3701 EXAM PACK GRADED QUESTIONS AND ANSWERS 2023. 1 Do question 5.8 in Graded Questions on Auditing 2014 by Gowar and Jackson. You are a member of the Quality Control Committee of a large audit firm; Art Andersunn and Co. Part of the committee’s responsibility is to determine whether prospective clients are acceptable and whether existing clients should be retained. Being a large practice, numerous potential clients are brought to the committee for consideration and the following li...

(1) Functional Organisation Structure - correct answer - Functional teams - Primarily BAU/Deparmental Projects - Common for orgs providing std products (e.g. manuf.) (1) Functional Organisation Structure Advantages - correct answer - Staff gain technical expertise - Good functional problem solving - Peer learning straight forward - Job Security - Clear career progression (1) Functional Organisation Structure Disadvantages - correct answer - Corporate projects become difficult due to ...

1.1 Background of Corporate Governance in South Africa INTRODUCTION The Industrial Revolution began in Britain in the 18th century from 1760 to 1840 and from there spread to other parts of the world ( Industrial Revolution businesses grew from entities owned and managed by the same person into large organisations in which the owners (shareholders) and management (executive directors) were separate parties. Currently in most countries, the shareholders appoint the directors in a compan...

Co-op Test Questions & Answers 2023/2024 Once a cooperative has been formed, two very important things the membership should do at the cooperative's first annual meeting are to approve the cooperatives bylaws and elect the board of directors - ANSWER-True A centralized cooperative is a cooperative of cooperatives. That is, the members of the centralized cooperative are other cooperatives. - ANSWER-False Operating at-cost doesn't mean the cooperative doesn't make a profit but means ...

(1) Functional Organisation Structure - Answer - Functional teams - Primarily BAU/Deparmental Projects - Common for orgs providing std products (e.g. manuf.) (1) Functional Organisation Structure Advantages - Answer - Staff gain technical expertise - Good functional problem solving - Peer learning straight forward - Job Security - Clear career progression (1) Functional Organisation Structure Disadvantages - Answer - Corporate projects become difficult due to "Siloed" nature - Fun...

Legal Aspects - Final Exam Ch (20, 21, 22) (15, 16, 17) (18, 25) (23, 24) (26,27), Updated 2024. Agent Is a person who acts on behalf of someone else for a specific purpose Example: A lawyer acting as an agent represents a client in court, making legal decisions and taking actions on the client's behalf, such as presenting arguments and negotiating settlements. Principal Is a person whom an agent represents for a specific purpose Example: When a person hires a real estate agent to s...