Which of the following is an indication of good corporate governance?
A) A company has a board of directors with highly qualified members who are independent of the management team.
B) A company has an audit committee that reports directly to the company's CFO.
C) A company has a board of directors that delegates all major financial decisions to management.
D) The company has the external auditors prepare,as well as audit,its financial statements.
Correct Answer:
Verified
Q120: The SOX Act requires _.
A)the executives to
Q121: The Sarbanes-Oxley Act of 2002 includes stronger
Q122: What are some of the new responsibilities
Q123: Who must approve any rules set by
Q124: The PCAOB has the charge of overseeing
Q126: Who created the PCAOB?
A)the Financial Accounting Standards
Q127: The PCAOB has the charge of overseeing
Q128: As a result of the Sarbanes-Oxley Act
Q129: The SOX Act requires external auditors _.
A)provide
Q130: Who hires a company's external auditors?
A)management
B)the audit
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