5 test Flashcards
‘two As’ that lie at the heart of corporate governance?
(d) Accountability and alignment.
Which of the following is NOT a board committee expected to be established at all companies?
RISK
(EX- Nominations, Remuneration,
What was the model created by the Cadbury Code for adherence to its principles, still followed in the UK code
(d) Comply or explain.
- Which element of executive pay is most likely to include some metric based on ESG performance?
(c) Annual bonus.
What US legislation led to the creation of the Public Company Accounting Oversight Board (PCAOB)?
(b) Sarbanes-Oxley Act.
What were the two major scandals in Europe in 2003 that led to a reassessment of the continent’s approach to governance?
(a) Ahold and Parmalat.
Which statement outlines the distinction between the auditor’s role in relation to the financial statements and to the rest of the annual report and accounts?
(a) Assurance on the financial statements, report on inconsistencies in narrative reporting.
How long can an audit firm remain in the role at an EU public company?
(d) 20 years.
Which of the following is NOT one of the three key elements of disclosure in the new enhanced auditor’s reports?
(c) Scepticism.
EX- Scope, Materiality, and Key audit matters
- Which of the following is likely to be considered a G factor by a sovereign debt investor?
(a) Corruption.
(b) Rule of law.
(c) Regulatory effectiveness.
