Block 1 Articles Flashcards

1
Q

Corporate governance

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2
Q

Audit Practice

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3
Q

Public oversight

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4
Q

Audit commitees

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5
Q

System

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6
Q

Directed

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7
Q

Controlled

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8
Q

Board of directors

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9
Q

Shareholders

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10
Q

Stakeholders

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11
Q

Corporate strategy

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12
Q

Corporate performance

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13
Q

Decision-makers

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14
Q

Monitored

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15
Q

Published audited financial statements

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16
Q

Credible

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17
Q

Crucial

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18
Q

Principles

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19
Q

Legislative

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20
Q

Jurisdiction

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21
Q

Code of best practice

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22
Q

Compliance

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23
Q

Non-compliance

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24
Q

Leadership

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25
Q

Long-term success

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26
Q

Division of responsibilitues

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27
Q

NEDs

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28
Q

Balance

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29
Q

Domination

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30
Q

Skills, experience, knowledge

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31
Q

Formal, rigorous, transparent procedure

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32
Q

Induction

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33
Q

Update

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34
Q

Re-election

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35
Q

Regular

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36
Q

Satisfactory performance

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37
Q

Accountability

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38
Q

Prospects

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39
Q

Position

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40
Q

Assessment

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41
Q

Business review

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42
Q

Financial statements

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43
Q

Risk management

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44
Q

Appropriate relationship

A
45
Q

Renumeration

A
46
Q

Individual and corporate performance

A
47
Q

Mutual understanding

A
48
Q

AGM

A
49
Q

Recent, relevant financial experience

A
50
Q

Statements’ integrity

A
51
Q

Formal announcement

A
52
Q

Significant financial reporting judgements

A
53
Q

Challenge (finance director, external auditors)

A
54
Q

Contentious matters

A
55
Q

Risk controls

A
56
Q

Internal audit

A
57
Q

Robustness

A
58
Q

Recommendation

A
59
Q

Annual report

A
60
Q

Fraud prevention, detection

A
61
Q

Whistleblowing

A
62
Q

Appointment, reappointment, removal

A
63
Q

Fee approval

A
64
Q

Non-audit services

A
65
Q

Terms of engagement

A
66
Q

Tender

A
67
Q

Independence/objectivity

A
68
Q

Ethical framework

A
69
Q

Recommendation report

A
70
Q

Length of tenure

A
71
Q

Contractual restriction

A
72
Q

Reassurance

A
73
Q

Policies and procedures

A
74
Q

Compliance

A
75
Q

Annual audit cycle

A
76
Q

Comfort

A
77
Q

Audit quality

A
78
Q

Appropriate plans

A
79
Q

Adherence

A
80
Q

Quality control principles

A
80
Q

Auditing standards

A
81
Q

Resolved

A
81
Q

Work findings

A
82
Q

Significant accounting and auditing judgements

A
82
Q

Unresolved

A
82
Q

Management responsiveness

A
82
Q

Levels of errors unadjusted

A
83
Q

Recommendations

A
83
Q

Changes in perceived risks

A
84
Q

Perceptiveness

A
85
Q

Questions

A
86
Q

Conduct feedback

A
87
Q

Head of internal audit

A
88
Q

Management letter

A
89
Q

Review

A
90
Q

Report effectiveness

A
91
Q

Safeguards

A
92
Q

Fees incurred

A
93
Q

Aggregate

A
94
Q

Compensation criteria

A
95
Q

Formal policy

A
96
Q

Pre-approved

A
97
Q

Specific approval

A
98
Q

Prohibited

A
99
Q

Internal audit

A
100
Q

Effectiveness

A
101
Q

Investor perception

A
102
Q

Impact

A