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Accounting Principles
?
Which of the following is not a responsibility of board of directors to control according to the Guidance for directors- Governance processes for control issued by the CICA in 1995?
evaluating senior management of the organization
establishing and monitor the organization’s ethical values
assessing the board of director’s effectiveness
establishing the control environment for the organization
Show Result
Correct
- Your answer is correct.
Wrong
- Your answer is wrong.
Detailed Answer
Correct answer: (D)
establishing the control environment for the organization
Related MCQs
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How many acceptable approaches are there for changes in accounting principles?
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Retrospective restatement usually is not used for a:
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An accounting change that is reported by the prospective approach is reflected in the financial statements of:
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When a change in accounting principle is reported, what is sometimes sacrificed?
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When an accounting change is reported under the retrospective approach, prior years’ financial statements are:
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Regardless of the type of accounting change that occurs, the most important responsibility is:
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Which of the following changes would not be accounted for using the prospective approach?
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Accounting changes occur for which of the following reasons?
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Which of the following changes is not usually accounted for retrospectively?
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Which of the accounting changes listed below is more associated with financial statements prepared in accordance with U.S. GAAP than with Internationa...
