Risk Insurance Inc. has a board of eight directors. Risk’s bylaws do not state any quorum requirements. As in most states, a quorum for Risk’s board meetings is: a.) three directors. b.) five directors. c.) one director. d.) all of the directors
Q: According to the changes in financial reporting, which of the following are publicly traded…
A: Correct answer is Audit committe of board of directors
Q: J-Chron's board of directors periodically meets with the CFO of the company. The CFO reports on the…
A: Board of directors usually meet to discuss the performance of the company and to check compliance of…
Q: What are the three major areas of accounting?
A: We can only answer first question as it is not specified which question is to be answered. Kindly…
Q: One Person Corporation (OPC) special feature is __________________: (A)There must be a by-laws…
A: A One Person Company refers to a company which has only one shareholder. Following are some…
Q: The use of the Certified Public Accountant title is regulated by Select one a the Securities and…
A: Corporate finance is referred as the decision of the firm to take capital investments and other…
Q: Following is a summary of the NYSE corporate governancerequirements of companies listed on this…
A: Disclaimer: “Since you have posted a question with multiple sub-parts, we will solve the first three…
Q: Richardson Company is contemplating the establishment of a share-based compensation plan to provide…
A: a.
Q: 7. According to the 1934 Securities Act, select ALL who must certify the quarterly and annual…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Which of the following will disqualify a corporation from electing Subchapter S status? All…
A: S corporation is formed for taking Tax advantage.
Q: A company's "Board of Directors" is elected by that company's
A: A board of directors is essentially a panel of people who are elected to represent shareholders.…
Q: Which required SEC filing would a company use to share the following information? "Our board of…
A: Answer: Correct answer is option a) proxy A proxy statement is filed by a publicly traded company .…
Q: A press release announcing the appointment of the trustees of the new Financial Accounting…
A: Requirement a: The organization that sponsors FASB is the Financial Accounting Foundation. They…
Q: Under IFRS 10, parent corporation is the entity that controls one or more entities. How does IFRS 10…
A: Under IFRS 10 ,Control exists when the investor has power, exposure to variable returns and the…
Q: 27) Inder the cornor
A: Stockholders are the people associated with the company but have a separate entity so they are…
Q: Board of Director
A: Correct Answer :- D Board of Director.
Q: The agency of the federal government that, among other responsibilities, prescribes the methodology…
A: Introduction: Securities exchange commission: Regulators of the securities , protection to the…
Q: Following is a summary of the NYSE corporate governance requirements of companies listed on this…
A: Comments; Multiple questions asked Fraud - When an entity is found to have illegally window…
Q: The date of record is the date: Group of answer choices A)On which the board of directors of a…
A: The date of record is the date on which the company checks its records to identify shareholders of…
Q: Which statement is correct with respect to filing an S election? a. Form 2553 must be filed.…
A: Election refers to the voting by the members of the company for opting an option from various…
Q: The primary regulator for Insurance Companies is: Group of answer choices a. the Federal Deposit…
A: Regulator - Regulator is a person or type of organization, appointed by the government to regulate…
Q: Like a statutory close corporation, a limited liability company: a) follows the same state laws that…
A: A limited liability company is the one which has limited liability and protection for the…
Q: Most publicly traded companies comply with the Sarbanes Oxley requirements utilizing a framework…
A: Governance structures, internal controls, and compliance policies work in conjunction to prevent…
Q: List three (3) of the five (5) internal control components stated by the Committee of Sponsoring…
A: 1. Control Environment: Establishes the tone of an organization, influencing the control…
Q: 1.) PT Patua owns 51% of PT Anaka's shares. The Board of Directors consists of 4 directors. There…
A: International Financial Reporting Standards (IFRS) are the highest quality of guidelines to prepare…
Q: Dhani, Ezra, and Finn are the first directors on the board of Global Shipping Corporation.…
A: A board of directors can be defined as the group of individuals who supervise the activities of the…
Q: Governance issues include the following except; Select one: a. Disclosure and transparency b. Role…
A: The term Governance refers to process which is designed to ensure the following quality in the…
Q: Which of the following documents will contain information about the compensation for Directors of a…
A: Solution:- Compensation of directors refers to the amount of remuneration paid to the executive and…
Q: Which of the following is the federal, independent agency that provides oversight of public…
A:
Q: True/False. A shareholder of a corporation must always be physically present at an annual…
A: During a shareholders meeting, it is necessary for the quorum set for the shareholders to be…
Q: Which of the following actions would the Board of Directors have to have a shareholder vote in order…
A: Shareholders have not just the right to receive dividend, but they have the right to vote for…
Q: What if the chairman and president of the corporation are not around, and the bylaws did not provide…
A: The laws says that in the absence of chairman and president of the corporation , any one from the…
Q: The Certified Public Accountant (CPA) exam is a uniform exam that is administered by a national…
A: Hello, since your question has multiple parts we will solve the first question for you. If you want…
Q: escribe the necessity, purpose and potential makeup of a board of director
A: For public companies having a proper board of directors is important. This is because public…
Q: What is the Effective Annual Rate (EAR) and what is its purpose?
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Which required SEC filing would share the following company information? "Based on this review,…
A: The SEC is the Securities and Exchange Commission of the United States, the regulatory body for…
Q: The GASB defines a financial reporting entity as the primary government and the entities for which…
A: The objective of the question is to determine whether each of the listed entities would be…
Q: Wilson's Corporation is one of your new audit clients. The corporation's accountant is incertain how…
A: Earnings per share: Earnings per share is a profit earned per share from an organization earnings.…
a.) three directors.
c.) one director.
![](/static/compass_v2/shared-icons/check-mark.png)
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
- The Sarbanes-Oxley Act provides for requirements with respect to which committee(s) of a company's board of directors? Select one: A. Nominating committee. B. Audit committee. C. Compensation committee and audit committee. D. Nominating committee and compensation committee.Dhani, Ezra, and Finn are the first directors on the board of Global Shipping Corporation. Subsequent directors will be elected by a majority vote of Global’s a. officers. b. incorporators. c. shareholders. d. board.ABC Ltd (ABC) is a listed company with an audit committee comprising three of the eight board members. ABC's auditor would communicate matters of governance with____. Select one: a. Management, Audit committee and the Board of Directors b. Either the audit committee, the Board of Directors or both. c. Only the Audit Committee and never the full Board of Directors" d. Management only
- NYSE corporate governance requirements of companies listed on this stock exchange,, state how it is intended to help to address the risk of fraud in publicly traded organizations. 1. Boards must have an audit committee with a minimum of three independent members. 2.The audit committee must have a written charter that addresses the committee’s purpose and responsibilities, and the committee must produce an audit committee report; there must also be an annual performance evaluation of the committee.Following is a summary of the NYSE corporate governance requirements of companies listed on this stock exchange. For each requirement, state how it is intended to help to address the risk of fraud in publicly traded organizations. Boards need to consist of a majority of independent directors. Boards need to hold regular executive sessions of independent directors without management present. Boards must have a nominating/corporate governance committee composed entirely of independent directors. The nominating/corporate governance committee must have a written charter that addresses the committee’s purpose and responsibilities, and there must be an annual performance evaluation of the committee.Which of the following is NOT true about managing nonprofit corporations? Multiple Choice They are managed under the direction of a board of directors. They must have at least three directors. The directors generally serve for one year unless stated otherwise in the articles. An individual director may transact business on behalf of the nonprofit corporation.
- Which of the following documents will contain information about the compensation for Directors of a public company: The 10Q The Proxy Statement The Annual Report The outside Auditors ReportA press release announcing the appointment of the trustees of the new Financial Accounting Foundation stated that the Financial Accounting Standards Board (to be appointed by the trustees) “will become the established authority for setting accounting principles under which corporations report to the shareholders and others” (AICPA news release July 20, 1972). Instructions a. Identify the sponsoring organization of the FASB and the process by which the FASB arrives at a decision and issues an accounting standard. b. Indicate the major types of pronouncements issued by the FASB and the purposes of each of these pronouncements.Which of the following statements is true? a. The IASB has the same number of members as the FASB. b. The IASB structure has both advisory and interpretation functions, but no trustees. c. The IASB has been in existence longer than the FASB. d. The IASB structure is quite similar to the FASB’s, except the IASB has a larger number of board members.
- 7. According to the 1934 Securities Act, select ALL who must certify the quarterly and annual financial statements for a company. a. The chief executive officer of the company b. An external auditor hired by the company c. The chief financial officer of the company С. d. A representative of the Securities and Exchange Commission (SEC) 8. Select ALL of the following that are required in a proxy statement. a. How the proxy materials will be sent b. How much is expected to be spent on the solicitation c. Who the shareholders for the proxy are Od. Who is soliciting the proxyFor each requirement, state how it is intended to help to address the risk of fraud in publicly traded organizations. a. Boards must have a corporate governance committee composed at least 3 of independent directors. b. The corporate governance committee must have a written charter that addresses the committee's purpose and responsibilities, and there are must be annual performance evaluation of the committee.Following is a summary of the NYSE corporate governancerequirements of companies listed on this stock exchange.For each requirement, state how it is intended to help to addressthe risk of fraud in publicly traded organizations.a. Boards need to consist of a majority of independent directors.b. Boards need to hold regular executive sessions of independentdirectors without management present.c. Boards must have a nominating/corporate governance committeecomposed entirely of independent directors.d. The nominating/corporate governance committee must have awritten charter that addresses the committee’s purpose andresponsibilities, and there must be an annual performanceevaluation of the committee.e. Boards must have a compensation committee composedentirely of independent directors.f. The compensation committee must have a written charterthat addresses the committee’s purpose and responsibilities,which must include (at a minimum) the responsibility toreview and approve corporate goals…
![Auditing: A Risk Based-Approach (MindTap Course L…](https://www.bartleby.com/isbn_cover_images/9781337619455/9781337619455_smallCoverImage.gif)
![Auditing: A Risk Based-Approach (MindTap Course L…](https://www.bartleby.com/isbn_cover_images/9781337619455/9781337619455_smallCoverImage.gif)