What is the objective of the company in having a, strong and effective internal control system? What is the purpose of having an independent internal audit function in a publicly-listed corporation?Give at least four (4) responsibilities of the chief audit executive.Enumerate the activities of the risk management department in a publicly-listed corporation.To what may the shareholder’s right relate?How may participation of employee in corporate governance be encouraged?True or false. Sustainability reporting includes voluntary corporate disclosures about sustainability initiatives, plans, and associated outcomes.True or false. The terms non-financial reporting, corporate social responsibility reporting, and triple bottom-line reporting are each sustainability-related terms.Define the terms nonfinancial reporting corporate social responsibility reporting, and triple bottom-line reporting. How do these relate to sustainability reporting?What factors have driven the demand for sustainability reporting?Why is there a demand for independent assurance on sustainability reporting?In unethical for a company to provide a sustainability report, but provide no assurance on the reliability of the information contained therein?

Internal control system refers to the set of rules, and procedures that an organization has to…

Answered: What is the objective of the company in…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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1. What is the objective of the company in having a, strong and effective internal control system?
1. What is the purpose of having an independent internal audit function in a publicly-listed corporation?
2. Give at least four (4) responsibilities of the chief audit executive.
3. Enumerate the activities of the risk management department in a publicly-listed corporation.
4. To what may the shareholder’s right relate?
5. How may participation of employee in corporate governance be encouraged?
6. True or false. Sustainability reporting includes voluntary corporate disclosures about sustainability initiatives, plans, and associated outcomes.
7. True or false. The terms non-financial reporting, corporate social responsibility reporting, and triple bottom-line reporting are each sustainability-related terms.
8. Define the terms nonfinancial reporting corporate social responsibility reporting, and triple bottom-line reporting. How do these relate to sustainability reporting?
9. What factors have driven the demand for sustainability reporting?
10. Why is there a demand for independent assurance on sustainability reporting?
11. In unethical for a company to provide a sustainability report, but provide no assurance on the reliability of the information contained therein?

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