Question: Please I only need the correct answer ASAP (urgently ) No explanation is required just write the question number and the correct answer next to

Please I only need the correct answer ASAP

Please I only need the correct answer ASAP

Please I only need the correct answer ASAP

Please I only need the correct answer ASAP

Please I only need the correct answer ASAP

Please I only need the correct answer ASAP

Please I only need the correct answer ASAP

Please I only need the correct answer ASAP

Please I only need the correct answer ASAP

Please I only need the correct answer ASAP

Please I only need the correct answer ASAP

Please I only need the correct answer ASAP

Please I only need the correct answer ASAP

Please I only need the correct answer ASAP

Please I only need the correct answer ASAP

Please I only need the correct answer ASAP

Please I only need the correct answer ASAP (urgently ) No explanation is required just write the question number and the correct answer next to it ...Answer them all I will vote for you

Question 15 Which of the following is/are the Principles of Corporate Governance? Not yet answered Marked out of 0.50 O a. Equitable treatment of shareholders O b. All the given options O c. Rights of shareholders O d. Disclosure and transparency P Flag question Question 16 As per the guidelines from the corporate governance code, at least half the board excluding the chairman, should comprise non-executive directors. You are required to identify from the following the main responsibility of Non-Executive Directors in a company. Not yet answered Marked out of 0.50 P Flag question O a. To be involved in the operational activities of the company O b. To involve in the process of developing strategy and plan of the company O c. To supervise and oversee the company's operational activities done by Executive Directors O d. To run each department of the company's activities Question 17 The expectation gap is the difference between what the general public believes the auditor's responsibilities and function to be and the auditor's actual responsibilities. Which TWO of the following beliefs are examples of the expectations gap? Not yet answered Marked out of 0.50 P Flag question 1. Auditors test all transactions and balances. 2. An audit gives reasonable assurance that the financial statements are free from material misstatement. 3. Auditors are responsible for the detection of fraud (100 percent), 4. An External Audit is an example of giving Assurance O a 1 and 3 O b. 2 and 3 Oc 1 and 2 O d. 1 and 4 Question 18 Which of the following statements is true? Not yet answered Marked out of 0.50 O a. The shareholders of most companies will also be the directors O b. The shareholders are the agents and the Board of Directors are principals O c. The directors are the stewards of the company responsible for looking after the company on behalf of the shareholders O d. Auditors are allowed to be business partners of the company directors P Flag question Question 19 Which of the following is a right of an auditor? Not yet answered Marked out of 0.50 O a. The right to access all accounting books and records O b. The right to receive commission from clients Oc. The right to visit client's family O d. The right to use clients' assets P Flag question Question 20 The finance manager of the client company has recently resigned and is now employed as an Audit Senior, and he is now part of the audit team. Which of the following threats to objectivity does the above circumstance give rise to? Not yet answered 1. Intimidation threat Marked out of 0.50 2. Self-review threat P Flag question O a. Neither 1 nor 2 O b. Both 1 and 2 O c. 2 only O d. 1 only Question 21 Which of the following group sets the direction of the company and monitor management in order that the company will achieve its objectives? Not yet answered Marked out of 0.50 O a. Auditors O b. Legal advisers Oc None of the given options O d. Shareholders P Flag question Question 22 Not yet Mr.Rashid Ali al Kalbani is the audit engagement partner of P&y, an audit firm based in Muscat. This year firm got a new client Oman Steel SAOC from Sohar. The finance Director of Oman Steel company Mr. Anwar Ali al Kalbani is the younger brother of the audit engagement partner. You are required to identify which one of the following threats to fundamental principle is matching with the above situation. answered Marked out of 0.50 P Flag question O a. Intimidation threat O b. Familiarity threat Oc Advocacy threat O d. Self review threat Question 23 Not yet Mr.Ali Al Jassasi is the audit engagement partner of Mazars & partners, an audit firm based in muscat. This year the firm got a new client, ATG SAOC from Niswa. Mr.Ahamed Al Jassasi is the elder son of the audit engagement partner who has shares in ATG SAOC. You are required to identify which one of the following threats to fundamental principle matching the above situation. answered Marked out of 0.50 P Flag question O a Advocacy threat O b. Self-interest threat Oc Self review threat O d. Intimidation threat Question 24 Which of the following is/are the list of matters normally communicated to those charged with governance? Not yet answered Marked out of 0.50 O a. All the given options O b. Disagreements with management over accounting treatments Oc. The overall approach and scope of the audit O d. Material weaknesses discovered in the internal control systems P Flag question Question 25 Which of the following is/are the elements of an assurance engagement. Not yet answered Marked out of 0.50 O a. Appropriate subject matter O b. Suitable criteria O c. All the other options O d. A three-party relationship P Flag question Question 26 Primary objective of is to contribute for improving corporate performance and accountability in creating long term shareholder value? Not yet answered Marked out of 0.50 O a. Corporate system O b. Corporate culture Oc. Corporate governance O d. Corporate value P Flag question Question 27 Which of the following group in an organization mainly perform supervision, control and direction of an entity and would therefore include the audit committee and non-executive directors? Not yet answered Marked out of 0.50 P Flag question O a. Shareholders O b. None of the options . Internal auditors O d. External auditors Question 28 Which of the following is NOT a regulatory authority or a professional body for auditors? Not yet answered Marked out of 0.50 O a. IAS O b. IAASB . O d. IFAC P Flag question Question 29 Which of the following is the global organization for the accountancy profession dedicated to serving the public interest by strengthening the profession? Not yet answered O a. CIMA Marked out of 0.50 O b. FASB Oc. IFAC P Flag question O d. CMA Question 30 An auditor conducting an audit in accordance with is responsible for obtaining reasonable assurance that the financial statements taken as a whole are free from material misstatement, whether caused by fraud or error. Not yet answered Marked out of 0.50 O a. None of the options O b. ISAS P Flag question Oc. IAS O d. IFRS

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