Essay About Power Of Board Of Directorsbut D And Rights Of Shareholdersbut C

Cpa in the Big World
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[pic 1]a, b and c are power of board of directorsbut d is the power of stockholders[pic 2] a, b and d are rights of shareholdersbut c is the right of board of directors [pic 3] a the declaration should be made by the board of directors not shareholders b and d are both rights of board of directorsc shareholders have the right of inspecting corporation records[pic 4]The most confused answer is b. The reason why b is incorrect is that stockholders have a right to receive dividends unless declared. [pic 5]The explanation is the same as question 6.[pic 6]In the bylaws, procedure for electing directors is included.[pic 7]The most confused answer is a. A fixed salary will encourage management to take little risk.B will make management to take on excessive risk in order to maximum bonus of management.[pic 8]SEC rely on external auditors to monitor corporations. [pic 9]The chief internal audit executive should report to CEO[pic 10]Except for independence standards, performance standards, implementation standards and attribute standards are all included in ….[pic 11]Only the division of corporate finance reviews filings[pic 12]At least one financial expert is required but the issuer can disclose the reason why this role is not filled.[pic 13]Safeguarding assets is included in the operations objective.[pic 14]The answer has to be related to monitoring, however b, c and d are not related to monitoring but only to technology. So the answer is a. [pic 15]The answer a, b and d are techniques of identifying events. Only answer c is a step in risk assessment.