1. Describe the mandate, functions and role of Securities and Exchange Commission in the Philippines and to the businesses.2. As future professional accountants, what is your role in promoting and achieving sustainability and to sustainability reporting?3. Describe the importance of corporate governance and board of directors' function.4. Select a publicly listed company in the Philippines and check its official website. Send a screenshot and describe the corporate governance portion of the webpage.5. What will you do if you face an ethical dilemma, and must compromise your values? 6. Differentiate a financial statement audit from operational audit.7. If you will become an internal auditor in the future, what general competency and behavioral skill do you think you have to improve with the most? Why? 1. Describe the mandate, functions and role of Securities and Exchange Commission in thePhilippines and to the businesses.2. As future professional accountants, what is your role in promoting and achievingsustainability and to sustainability reporting?3. Describe the importance of corporate governance and board of directors' function.4. Select a publicly listed company in the Philippines and check its official website. Send ascreenshot and describe the corporate governance portion of the webpage.5. What will you do if you face an ethical dilemma, and must compromise your values?6. Differentiate a financial statement audit from operational audit.7. If you will become an internal auditor in the future, what general competency andbehavioral skill do you think you have to improve with the most? Why?

The SEC or board of trustees is the administrative office of the public government, liable for…

Answered: 1. Describe the mandate, functions and…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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1. Describe the mandate, functions and role of Securities and Exchange Commission in the Philippines and to the businesses. 2. As future professional accountants, what is your role in promoting and achieving sustainability and to sustainability reporting? 3. Describe the importance of corporate governance and board of directors' function. 4. Select a publicly listed company in the Philippines and check its official website. Send a screenshot and describe the corporate governance portion of the webpage. 5. What will you do if you face an ethical dilemma, and must compromise your values? 6. Differentiate a financial statement audit from operational audit. 7. If you will become an internal auditor in the future, what general competency and behavioral skill do you think you have to improve with the most? Why?

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