The objectives of an effective system of corporate governance include all of the following except:
A. ensure that the assets of the company are used efficiently and productively.
B. eliminate or mitigate conflicts of interest among stakeholders.
C. ensure complete transparency is disclosures regarding operations, performance, risk, and financial position.
Answer: C. ensure complete transparency is disclosures regarding operations, performance, risk, and financial position.
You might also like to view...
"Physical examination" is the inspection or count by the auditor of items such as
A) cash, inventory, and payroll timecards. B) cash, inventory, canceled checks, and sales documents. C) cash, inventory, canceled checks, and tangible fixed assets. D) cash, inventory, securities, notes receivable, and tangible fixed assets.
Administrative agencies establish rules, and then act as both prosecutor and judge in determining whether the rules have been violated
a. True b. False Indicate whether the statement is true or false