更多"The audit committee of a company’s "的相关试题:
[单项选择]Your company's project review committee (PRC) meets quarterly to review any project with a budget exceeding $2 million. You recently were promoted to senior project manager and were assigned one of these largest projects, the development of a next-generation, computer-aided manufacturing process. The PRC asked you to present the project's objectives, work content, and deliverables at its next meeting. Accordingly, you need to prepare which one of the following documents
A. project charter.
B. product description.
C. scope statement.
D. WBS.
[单项选择]Corporate Direct’s biggest clients are
A. financial service companies.
B. hotel and catering firms.
C. fashion retailers.
[简答题]During a recent meeting of the board of the directors of a company its future prospects were discussed. The chairman informed the rest of the board (composed of five members) that the company was heading towards a state of insolvency. The chairman, nonetheless informed the board that the company had continued to trade over the past months and that he recommended the acquisition of a large investment and requested that the said investment be approved by the board. The transaction was approved. There was one director, Mr Jones, who dissented in view of the company’s precarious financial position and the substantial debts the company had accumulated over recent years.
Required:
(a) Explain if action can be taken against the chairman for fraudulent trading or wrongful trading; and (6 marks)
[填空题]Economic theory can direct the economic decision such as decisions about rent control, ______and minimum wage.
[单项选择]The Financial Accounting Standards Board's (FASB's) approach in establishing GAAP is best described as:（）
A. rules based.
B. principles based.
C. objective oriented.
[填空题]A direct result of the change in America’s economic climate was ______.
[判断题]A foreman’s salary is a direct cost with respect to the department’s individual products.
[判断题]Prime costs include direct materials costs, direct labor costs and indirect manufacturing costs.
[单项选择]The board deemed it’s urgent that these invitations ______ first thing tomorrow morning.
A. had to be put in the mail
B. must be put in the mail
C. be put in the mail
D. should have been put in the mail
[简答题]
Following a competitive tender， your audit firm Cal & Co has just gained a new audit client Tirrol Co. You are the manager in charge of planning the audit work. Tirrol Co‘s year end is 30 June 2009 with a scheduled date to complete the audit of 15 August 2009. The date now is 3 June 2009.
Tirrol Co provides repair services to motor vehicles from 25 different locations. All inventory， sales and purchasing systems are computerised， with each location maintaining its own computer system. The software in each location is the same because the programs were written specifically for Tirrol Co by a reputable software house. Data from each location is amalgamated on a monthly basis at Tirrol Co‘s head office to produce management and financial accounts.
You are currently planning your audit approach for Tirrol Co. One option being considered is to re-write Cal & Co‘s audit software to interrogate the computerised inventory systems in each location
[单项选择]In a recent meeting of the Board of Directors of Singh Semiconductors, the Board was discussing deferred taxes and the effective tax rate reconciliation disclosures. The Board wanted to learn more about this topic because low effective tax rates relative to the effective tax rates of comparable companies are a potential red flag. At the meeting the following two statements were made by Board members: Statement 1: When analyzing a firm’ s effective tax rate reconciliation disclosures, analysts watch out for companies that report high income tax expense on their financial statements compared to taxes payable because such companies are more likely to be using aggressive accounting methods and have low-quality earnings. Statement 2: High effective tax rates may result when a firm has significant restructuring charges since restructuring charges do not generally have tax cash flow effects in the year they are recorded, but can have significant effects on future cash flows. Are Statement
[单项选择]As part of the quality audit, the scope statement is checked against the work results to ensure the conformance to the customer requirements. The results should be documented and used for ______ .
A. estimating future projects
B. changing the project scope
C. defining future project tasks
D. validating the quality process
[简答题]Explain the composition and role of an ‘audit committee’ as provided under the Code of Corporate Governance. (10 marks)
