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NEW QUESTION 49
Which of the following is NOT included in G20/OECD Principles of Corporate Governance (the Principles)?

A. Recognition of the importance of the role of stakeholders in corporate governanceB. Guidance regarding appropriate board structures, responsibilities, and proceduresC. A request that governments have in place an appropriate framework to support good corporate governance practicesD. Support for establishing stronger protection for foreign shareholders than for domestic shareholders

Answer: D

 

NEW QUESTION 50
An effective system of internal controls:

A. Decreases the perception that fraud will be detectedB. Does not completely eliminate the risk of fraudC. Focuses more on detective controls than preventive controlsD. Focuses more on preventive controls than detective controls

Answer: D

 

NEW QUESTION 51
Which of the following principles of corporate governance pertains to the duty of the organization to act in the best interest of society?

A. FairnessB. ResponsibilityC. AccountabilityD. Transparency

Answer: B

 

NEW QUESTION 52
Fraud risks related lo corruption include all of the following EXCEPT

A. Espionage by competitorB. Receipt of kickbacksC. Aiding and abetting vendor fraudD. Payment of bribes

Answer: B

 

NEW QUESTION 53
......

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