BEC corporate governance review 2

Card Set Information

Author:
Joens1313
ID:
298398
Filename:
BEC corporate governance review 2
Updated:
2015-03-14 14:45:29
Tags:
BEC corporate governance review
Folders:

Description:
BEC corporate governance review 2
Show Answers:

Home > Flashcards > Print Preview

The flashcards below were created by user Joens1313 on FreezingBlue Flashcards. What would you like to do?


  1. An audit committee is an _________________________________________________________
    • An audit committee is an operating committee
    • of board members who are independent of the corporation.
  2. The ______________________ specifies that an
    audit committee not management is responsible for appointment and oversight of
    any audit work performed by the organization internal and external auditors.
    • The Sarbanes –Oxley Act specifies that an audit
    • committee not management is responsible for appointment and oversight of any
    • audit work performed by the organization internal and external auditors.
  3.  

    The Sarbanes –Oxley Act specifies that an audit
    committee not management is responsible for __________________________________________________________________________
    • The Sarbanes –Oxley Act specifies that an audit
    • committee not management is responsible for appointment and oversight of any
    • audit work performed by the organization internal and external auditors.
  4. SOX stands for?
    The Sarbanes – Oxley Act
  5. What are the responsibilities of the Audit
    Committee?1._________________________________________
    2.Monitoring the choice of accounting policies and principles
    3.Monitoring the internal control process
    4.Appointment, compensation, and oversight of the external auditors
    5.Receipt of communications and audit reports directly from the external auditors.
    • a.    Overseeing
    • the financial reporting process

    • b.    Monitoring
    • the choice of accounting policies and principles

    • c.     Monitoring
    • the internal control process

    • d.    Appointment,
    • compensation, and oversight of the external auditors

    • e.    Receipt
    • of communications and audit reports directly from the external auditors.
  6. What are the responsibilities of the Audit
    Committee?
    1.Overseeing the financial reporting process
    2._____________________________________________________
    3.Monitoring the internal control process
    4.Appointment, compensation, and oversight of the external auditors
    5.Receipt of communications and audit reports directly from the external auditors.
    • a.    Overseeing
    • the financial reporting process

    • b.    Monitoring
    • the choice of accounting policies and principles

    • c.     Monitoring
    • the internal control process

    • d.    Appointment,
    • compensation, and oversight of the external auditors

    • e.    Receipt
    • of communications and audit reports directly from the external auditors.
  7. What are the responsibilities of the Audit
    Committee?
    1.Overseeing the financial reporting process
    2.Monitoring the choice of accounting policies and principles
    3.__________________________________________________
    4.Appointment, compensation, and oversight of the
    external auditors
    5.Receipt of communications and audit reports directly from the external auditors.
     

    • a.    Overseeing
    • the financial reporting process

    • b.    Monitoring
    • the choice of accounting policies and principles

    • c.     Monitoring
    • the internal control process

    • d.    Appointment,
    • compensation, and oversight of the external auditors

    • e.    Receipt
    • of communications and audit reports directly from the external auditors.
  8. What are the responsibilities of the Audit
    Committee?
    1.Overseeing the financial reporting process
    2.Monitoring the choice of accounting policies and principles
    3.Monitoring the internal control process
    4.___________________________________________________________
    5.Receipt of communications and audit reports directly from the external auditors.
    • a.    Overseeing
    • the financial reporting process

    • b.    Monitoring
    • the choice of accounting policies and principles

    • c.     Monitoring
    • the internal control process

    • d.    Appointment,
    • compensation, and oversight of the external auditors

    • e.    Receipt
    • of communications and audit reports directly from the external auditors.
  9. What are the responsibilities of the Audit
    Committee?
    1.Overseeing the financial reporting process
    2.Monitoring the choice of accounting policies and principles
    3.Monitoring the internal control process
    4.Appointment, compensation, and oversight of the external auditors
    5.________________________________________________________.
    • a.    Overseeing
    • the financial reporting process

    • b.    Monitoring
    • the choice of accounting policies and principles

    • c.     Monitoring
    • the internal control process

    • d.    Appointment,
    • compensation, and oversight of the external auditors

    • e.    Receipt
    • of communications and audit reports directly from the external auditors.
  10. What are the responsibilities of the Audit
    Committee?



    1.______________________________
    2._______________________________
    3._________________________________
    4.__________________________________
    5._________________________________________________________________________________________________________________
     

    • a.    Overseeing
    • the financial reporting process

    • b.    Monitoring
    • the choice of accounting policies and principles

    • c.     Monitoring
    • the internal control process

    • d.    Appointment,
    • compensation, and oversight of the external auditors

    • e.    Receipt
    • of communications and audit reports directly from the external auditors.

What would you like to do?

Home > Flashcards > Print Preview