Question

In: Accounting

2. Which of the following is not a monitoring device for effective corporate governance? a. The...

2. Which of the following is not a monitoring device for effective corporate governance?

a. The audit committee.

b. The chief financial officer.

c. The SEC.

d. External auditors.

3. Effective enterprise risk management will provide the following benefits for a company except:

a. Fewer financial surprises.

b. Ability to seize opportunities.

c. Avoidance of all significant risks.

d. Alignment of risk with risk appetite.

Solutions

Expert Solution

Answer 2.

Correct option is b. Chief financial officer - It is because of the basic fact that it only includes top level people.

Answer 3.

Correct option is c. Avoidance of all significant risks. It cannot completely avoids risks.

ekkarill92 answered 2 years ago
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