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Question 3 You have a friend, Zoleka, who just incorporated her first company. As you are Financial Accounting 132 student and have studied the topic of companies she asked you the following questions: 1. Explain the term triple bottom line reporting? 2. What is good corporate governance? 3 In the past few years South Africa has seen a decline in ethical business standards the

Question 3 You have a friend, Zoleka, who just incorporated her first company. As you are Financial Accounting 132 student and have studied the topic of companies she asked you the following questions: 1. Explain the term triple bottom line reporting? 2. What is good corporate governance? 3 In the past few years South Africa has seen a decline in ethical business standards the

FINANCIAL ACCOUNTING
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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Question 3 You have a friend, Zoleka, who just incorporated her first company. As you are Financial Accounting 132 student and have studied the topic of companies she asked you the following questions: 1. Explain the term triple bottom line reporting? 2. What is good corporate governance? 3. In the past few years, South Africa has seen a decline in ethical business standards, the roles and responsibilities of management and directors, and the duties and responsibilities of the auditor. Name three examples of South African companies, including audit firms, where bad corporate governance practises have been highlighted in the South African news media. Give a brief description of the bad corporate governance practices for each example given.
Transcribed Image Text:Question 3 You have a friend, Zoleka, who just incorporated her first company. As you are Financial Accounting 132 student and have studied the topic of companies she asked you the following questions: 1. Explain the term triple bottom line reporting? 2. What is good corporate governance? 3. In the past few years, South Africa has seen a decline in ethical business standards, the roles and responsibilities of management and directors, and the duties and responsibilities of the auditor. Name three examples of South African companies, including audit firms, where bad corporate governance practises have been highlighted in the South African news media. Give a brief description of the bad corporate governance practices for each example given.
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