The following incomplete sentences (when completed) relate to aspects of corporate governance: a. _____ should be supplied

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The following incomplete sentences (when completed) relate to aspects of corporate governance: 

a. _____ should be supplied in a timely manner with information in a form and of a quality appropriate to enable it to discharge its duties. 

b. _____ should explain in the annual report their responsibility for preparing the annual report and accounts, and state that they consider the annual report and accounts, taken as a whole, to be fair, balanced, and understandable and to provide the information necessary for _____ to assess the company’s position and performance, business model, and strategy. There should be a statement by the _____ about their reporting responsibilities. 

c. The board should satisfy itself that at least one member of the _____ has recent and relevant financial experience. 

d. One of the main responsibilities of the _____ is to monitor and review the effectiveness of the company’s internal audit function. 

e. _____ should have primary responsibility for making a recommendation on the appointment, reappointment, and removal of the external auditors. 

f. The annual report should include a statement from the _____ explaining the recommendation and the reasons why the board has taken a different position, where the board does not accept the _____ recommendation on the appointment, reappointment, or removal of _____.


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Related Book For  answer-question

International Accounting

ISBN: 978-1260466539

5th edition

Authors: Timothy Doupnik, Mark Finn, Giorgio Gotti, Hector Perera

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