Explain the following concept: Board of Directors

Explain the following concept: Board of Directors
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Explain the following concept: Board of Directors
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Your Personal Board of Directors?

Description : Your Personal Board of Directors?

Last Answer : answer:Hmm, let's see. I have my husband, my mom, my son, my best friend, my first nurse preceptor, one of my nursing instructors, my grandfather (that passed away 10 years ago), and my aunt (that passed ... it. My dad was on it at one point, but is not anymore and most likely will never be again.

How do you find the Board of Directors for a Non-profit or Local Development Corporation?

Description : How do you find the Board of Directors for a Non-profit or Local Development Corporation?

Last Answer : Try looking them up on http://CharityNavigator.com or try the Better Business Bureau’s website: http://welcome.bbb.org

What is the provision for electing a foreigner to the Board of Directors ?

Last Answer : According to the existing provisions of clause ( 1) of sub-section ( 1) of section 184A of the Income- tax Ordinance , a shareholder is obliged to accept a 12-digit TIN in case the ... the mandatory 12-digit TIN for the position of director or sponsor shareholder of any company in Bangladesh.

What is the pay of the Staff on Board of the Directors of the land Bank

Description : What is the pay of the Staff on Board of the Directors of the land Bank

Last Answer : Which Land Bank? Here's a list of them http://www.bing.com/search?setmkt=en-US&q=pay+of+the+Staff+on+Board+of+the+Directors+of+the+land+Bank

A company secretary is the mouthpiece of the Board of Directors.

Description : A company secretary is the mouthpiece of the Board of Directors.

Last Answer : Justify the following statement : A company secretary is the mouthpiece of the Board of Directors.

Justify the following statement: Directors exercise their powers and authorities collectively as a Board.

Description : Justify the following statement: Directors exercise their powers and authorities collectively as a Board.

Last Answer : Justify the following statement: Directors exercise their powers and authorities collectively as a Board.

Justify the following statement: The Board of Directors is the elected representative of the shareholders.

Description : Justify the following statement: The Board of Directors is the elected representative of the shareholders.

Last Answer : Justify the following statement: The Board of Directors is the elected representative of the shareholders.

Justify the following statement: Board of Directors can exercise their powers collectively through the Board Meeting.

Description : Justify the following statement: Board of Directors can exercise their powers collectively through the Board Meeting.

Last Answer : Justify the following statement: Board of Directors can exercise their powers collectively through the Board Meeting.

What is board of directors in Tagalog?

Description : What is board of directors in Tagalog?

Last Answer : Need answer

Minutes of Board of Directors Meeting?

Description : Minutes of Board of Directors Meeting?

Last Answer : Minutes of Board of Directors Meeting(Download)Pursuant to regular notice, dated ___________, a meeting of the Board of Directors meeting of ________________________ was held at ... further business to come before the meeting, the same was adjourned.Dated: ________________________________

Convening meetings of a company is the responsibility of the– (A) Chairman, Board of Directors (B) Managing Director (C) Company Secretary (D) General Manager

Description : Convening meetings of a company is the responsibility of the– (A) Chairman, Board of Directors (B) Managing Director (C) Company Secretary (D) General Manager

Last Answer : Answer: Company Secretary

Appointment of a Company Secretary is made by– (A) Promoters (B) Board of Directors (C) Debenture holders (D) Government

Description : Appointment of a Company Secretary is made by– (A) Promoters (B) Board of Directors (C) Debenture holders (D) Government

Last Answer : Answer: Board of Directors

The Meeting of Board of Directors must be called at least once– (A) In four months (B) In three months (C) In two months (D) In one month

Description : The Meeting of Board of Directors must be called at least once– (A) In four months (B) In three months (C) In two months (D) In one month

Last Answer : Answer: In three months

A vacancy caused by the resignation of the auditor is filled only by the– (A) Board of Directors of the Company (B) Central Government (C) General Meeting of the shareholders (D) Managing Director of the company

Description : A vacancy caused by the resignation of the auditor is filled only by the– (A) Board of Directors of the Company (B) Central Government (C) General Meeting of the shareholders (D) Managing Director of the company

Last Answer : Answer: General Meeting of the shareholders

The first directors of a company are appointed by– (A) Promoters (B) Government (C) Shareholders (D) Company Law Board

Description : The first directors of a company are appointed by– (A) Promoters (B) Government (C) Shareholders (D) Company Law Board

Last Answer : Answer: Promoters

As per the Exim Bank Act, at a particular point in time, the Exim Bank can have a maximum of _________ directors on its Board. A. 16 B. 15 C. 14 D. 13

Description : As per the Exim Bank Act, at a particular point in time, the Exim Bank can have a maximum of _________ directors on its Board. A. 16 B. 15 C. 14 D. 13

Last Answer : A. 16 Explanation: As per the Exim Bank Act, at a particular point in time, the Bank can have a maximum of 16 directors on its Board. Including Chairman and Managing Director, the Bank s ... by the Reserve Bank of India (RBI), Industrial Development Bank of India (IDBI) and ECGC Ltd respectively.

A CPA firm is considered independent when it performs which of the following services for a publicly traded audit client? a. Serving as a member of the client’s board of directors. b. Accounting information system design and implementation. c. Tax return preparation as approved by the board of directors. d. Determining which accounting policies will be adopted by the client

Description : A CPA firm is considered independent when it performs which of the following services for a publicly traded audit client? a. Serving as a member of the client's board of directors. b. ... approved by the board of directors. d. Determining which accounting policies will be adopted by the client

Last Answer : Tax return preparation as approved by the board of directors.

An expectation of the public is that the auditor will recognize that the primary users of audit services are: a. The employees b. The investors and creditors c. The SECd. The board of directors

Description : An expectation of the public is that the auditor will recognize that the primary users of audit services are: a. The employees b. The investors and creditors c. The SEC d. The board of directors

Last Answer : The investors and creditors

A CPA firm is considered independent when it performs which of the following services for a publicly traded audit client? a. Serving as a member of the client’s board of directors. b. Accounting information system design and implementation. c. Tax return preparation as approved by the board of directors. d. Determining which accounting policies will be adopted by the client

Description : A CPA firm is considered independent when it performs which of the following services for a publicly traded audit client? a. Serving as a member of the client's board of directors. b. ... approved by the board of directors. d. Determining which accounting policies will be adopted by the client

Last Answer : Tax return preparation as approved by the board of directors.

An expectation of the public is that the auditor will recognize that the primary users of audit services are: a. The employees b. The investors and creditors c. The SECd. The board of directors

Description : An expectation of the public is that the auditor will recognize that the primary users of audit services are: a. The employees b. The investors and creditors c. The SEC d. The board of directors

Last Answer : The investors and creditors

The audit program usually cannot be finalized until the a. Reportable conditions have been communicated to the audit committee of the board of directors. b. Engagement letter has been signed by the auditor and the client. c. Consideration of the entity’s internal control has been completedd. Search for unrecorded liabilities has beenperformed and documented

Description : The audit program usually cannot be finalized until the a. Reportable conditions have been communicated to the audit committee of the board of directors. b. Engagement letter has been ... s internal control has been completed d. Search for unrecorded liabilities has been performed and documented

Last Answer : Consideration of the entity’s internal control has been completed

Which of the following is not a document or record that should be examined early in the engagement? a. Corporate charter and by-laws. b. Contracts. c. Management letter. d. Minutes of board of directors' and stockholders' meetings

Description : Which of the following is not a document or record that should be examined early in the engagement? a. Corporate charter and by-laws. b. Contracts. c. Management letter. d. Minutes of board of directors' and stockholders' meetings

Last Answer : Management letter

A CPA firm is considered independent when it performs which of the following services for a publicly-traded audit client? a. Serving as a member of the client's board of directors. b. Determining which accounting policies will be adopted by the client. c. Accounting information system design and implementation. d. Tax return preparation as approved by the board of directors.

Description : A CPA firm is considered independent when it performs which of the following services for a publicly-traded audit client? a. Serving as a member of the client's board of directors. b. ... information system design and implementation. d. Tax return preparation as approved by the board of directors.

Last Answer : Tax return preparation as approved by the board of directors.

Which of the following is not a consideration in the development of audit programs? a. Internal control over the recording of plant asset additions and repairs and maintenance expenditures is found to be weak. b. The members of the board of directors are elected by the stockholders during the annual meeting. c. The client is a private university located in Southern Philippines. d. The client constructed a major addition to its central manufacturing facility during the year under audit

Description : Which of the following is not a consideration in the development of audit programs? a. Internal control over the recording of plant asset additions and repairs and maintenance expenditures is ... client constructed a major addition to its central manufacturing facility during the year under audit

Last Answer : The members of the board of directors are elected by the stockholders during the annual meeting.

Whom should auditors contact when they suspect a fraud? a. Senior management b. Expected perpetrators of the fraud c. Audit committee of the board of directors d. A and C

Description : Whom should auditors contact when they suspect a fraud? a. Senior management b. Expected perpetrators of the fraud c. Audit committee of the board of directors d. A and C

Last Answer : A and C

Management’s attitude toward aggressive financial reporting and its emphasis onmeeting projected profit goals most likelywould significantly influence an entity’scontrol environment when a. External policies established by partiesoutside the entity affect its accountingpractices. b. Management is dominated by oneindividual who is also a shareholder. c. Internal auditors have direct access tothe board of directors and the entity’smanagement. d. The audit committee is active inoverseeing the entity’s financialreporting policies

Description : Management's attitude toward aggressive financial reporting and its emphasis on meeting projected profit goals most likely would significantly influence an entity's control environment when a. External ... d. The audit committee is active in overseeing the entity's financial reporting policies

Last Answer : Management is dominated by one individual who is also a shareholder

Which of the following best describes why publicly-traded corporations follow the practice of having the outside auditor appointed by the board of directors or elected by the stockholders? a. To comply with the regulations of the Accounting Standards Council. b. To emphasize auditor independence from the management of the corporation. c. To encourage a policy of rotation of the independent auditors. d. To provide the corporate owners with an opportunity to voice their opinion concerning the quality of the auditing firm selected by the director

Description : Which of the following best describes why publicly-traded corporations follow the practice of having the outside auditor appointed by the board of directors or elected by the stockholders? a. ... opportunity to voice their opinion concerning the quality of the auditing firm selected by the director

Last Answer : To emphasize auditor independence from the management of the corporation

To emphasize auditor independence from management, many corporations follow the practice of a. Appointing a partner of the CPA firm conducting the examination to the corporation's audit committee. b. Establishing a policy of discouraging social contact between employees of the corporation and the staff of the independent auditor. c. Requesting that a representative of the independent auditor be on hand at the annual stockholders' meeting. d. Having the independent auditor report to an audit committee of outside members of the board of directors

Description : To emphasize auditor independence from management, many corporations follow the practice of a. Appointing a partner of the CPA firm conducting the examination to the corporation's audit committee. b ... the independent auditor report to an audit committee of outside members of the board of directors

Last Answer : Having the independent auditor report to an audit committee of outside members of the board of directors

Internal auditing is an independent appraisal function established within an organization to examine and evaluate its activities. To that end, internal auditing provides assistance to a. External auditors b. Stockholders c. Management and the board of directors d. Government

Description : Internal auditing is an independent appraisal function established within an organization to examine and evaluate its activities. To that end, internal auditing provides assistance to a. External auditors b. Stockholders c. Management and the board of directors d. Government

Last Answer : Management and the board of directors

What is the proper organizational role of internal auditing? a. To serve as an independent, objective assurance and consulting activity that adds value to operations. b. To assist the external auditor in order to reduce external audit fees. c. To perform studies to assist in the attainment of more efficient operations. d. To serve as the investigative arm of the audit committee of the board of directors

Description : What is the proper organizational role of internal auditing? a. To serve as an independent, objective assurance and consulting activity that adds value to operations. b. To assist the external auditor in ... . d. To serve as the investigative arm of the audit committee of the board of directors

Last Answer : To serve as an independent, objective assurance and consulting activity that adds value to operations.

Which of the following would not usually be included in the minutes of the board of directors and/or stockholders? a. Declaration of dividends. b. Authorization of long-term loans. c. Authorization of individuals to sign checks. d. The duties and powers of the corporate officers.

Description : Which of the following would not usually be included in the minutes of the board of directors and/or stockholders? a. Declaration of dividends. b. Authorization of long-term loans. c. Authorization of individuals to sign checks. d. The duties and powers of the corporate officers.

Last Answer : The duties and powers of the corporate officers.

Which of the following is a violation Confidentiality rule of the Code of Ethics? a. The CPA, in response to a court subpoena, submits auditor-prepared workpapers as evidence of possible illegal acts perpetrated by the client. b. The CPA discloses to the board of directors a scheme concocted by top management to intentionally inflate earningsc. The CPA warns Client B as to theinadvisability of acquiring Client A.The CPA bases this warning onknowledge of Client A's financialcondition and a belief that themanagement of Client A lacksintegrity. This knowledge wasobtained by the CPA as a result ofauditing Client A during the pastseveral year is.d. The CPA, when questioned in court,admits to knowledge of certain illegalacts perpetrated by the client.

Description : Which of the following is a violation Confidentiality rule of the Code of Ethics? a. The CPA, in response to a court subpoena, submits auditor-prepared workpapers as evidence of possible illegal ... CPA, when questioned in court, admits to knowledge of certain illegal acts perpetrated by the client.

Last Answer : The CPA warns Client B as to the inadvisability of acquiring Client A. The CPA bases this warning on knowledge of Client A's financial condition and a belief that the management of Client A lacks integrity ... was obtained by the CPA as a result of auditing Client A during the past several year is.

What is the most likely course of action that will be taken by an auditor in assessing management integrity? a. Tour the client premises. b. Research the prospective client’s related parties. c. Research the background and histories of officers d. Review the minutes of the board of directors

Description : What is the most likely course of action that will be taken by an auditor in assessing management integrity? a. Tour the client premises. b. Research the prospective client’s related parties. c. Research the background and histories of officers d. Review the minutes of the board of directors

Last Answer : Research the background and histories of officers

The audit committee of the board of directors of a company is responsible for a. Hiring the auditor b. The audit workpapers c. Preparing the financial statements d. Independence and obtaining evidence

Description : The audit committee of the board of directors of a company is responsible for a. Hiring the auditor b. The audit workpapers c. Preparing the financial statements d. Independence and obtaining evidence

Last Answer : Hiring the auditor

The assumption underlying an audit of financial statements is that they will be used by a. Different groups for different purposes. b. The general public in making investment decisions. c. The board of directors as basis of declaring cash dividends. d. The regulatory agencies to verify information that is relevant to their supervisory functions.

Description : The assumption underlying an audit of financial statements is that they will be used by a. Different groups for different purposes. b. The general public in making investment decisions. c ... dividends. d. The regulatory agencies to verify information that is relevant to their supervisory functions.

Last Answer : Different groups for different purposes.

A light bulb can be considered all of the following EXCEPT 1. a consumer product 2. a business to business product 3. either a consumer product or an industrial product 4. an industrial product if it is used to light an assembly line in a factory 5. a consumer product if it is used to light the office of the board of directors

Description : A light bulb can be considered all of the following EXCEPT 1. a consumer product 2. a business to business product 3. either a consumer product or an industrial product 4. an industrial product if it ... factory 5. a consumer product if it is used to light the office of the board of directors

Last Answer : a consumer product if it is used to light the office of the board of directors

Corporate governance is concerned with: A. Executive remuneration, disclosure of information, auditing and accounting procedures, and organizations' management structures B. Elections to the board of directors C. Relationships with national governments D. Corporate-level strategy

Description : Corporate governance is concerned with: A. Executive remuneration, disclosure of information, auditing and accounting procedures, and organizations' management structures B. Elections to the board of directors C. Relationships with national governments D. Corporate-level strategy

Last Answer : Executive remuneration, disclosure of information, auditing and accounting procedures, and organizations' management structures

Corporate governance is concerned with: A. Executive remuneration, disclosure of information, auditing and accounting procedures, and organizations' management structures B. Elections to the board of directors C. Relationships with national governments D. Corporate-level strategy

Description : Corporate governance is concerned with: A. Executive remuneration, disclosure of information, auditing and accounting procedures, and organizations' management structures B. Elections to the board of directors C. Relationships with national governments D. Corporate-level strategy

Last Answer : Relationships with national governments

Corporate governance is concerned with: A. Executive remuneration, disclosure of information, auditing and accounting procedures, and organizations' management structures B. Elections to the board of directors C. Relationships with national governments D. Corporate-level strategy

Description : Corporate governance is concerned with: A. Executive remuneration, disclosure of information, auditing and accounting procedures, and organizations' management structures B. Elections to the board of directors C. Relationships with national governments D. Corporate-level strategy

Last Answer : Relationships with national governments

A light bulb can be considered all of the following EXCEPT A)a consumer product. B)an business-to-business product. C)either a consumer product or an industrial product. D)an industrial product if it is used to light an assembly line in a factory. E)a consumer product if it is used to light the office of the board of directors.

Description : A light bulb can be considered all of the following EXCEPT A)a consumer product. B)an business-to-business product. C)either a consumer product or an industrial product. D)an industrial product if it ... factory. E)a consumer product if it is used to light the office of the board of directors.

Last Answer : E)a consumer product if it is used to light the office of the board of directors.

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