Question

In: Accounting

1.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.

2. 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.

3.Which of the following is not an appropriate response to an identified enterprise risk?

a. Acceptance.

b. Avoidance.

c. Sharing.

d. Assessing

4. A data model developed specifically for use in designing accounting information databases is

a. REA data model.

b. Data definition language.

c. Entity-relationship model.

d. Networked model

5. The type of system most likely to be used to initially record the daily processing of transactions is

a. Transaction processing system.

b. Management information system.

c. Decision support system.

d. Executive information system.

d. Alignment of risk with risk appetite.

Solutions

Expert Solution

1.B - Cheif Financial Officer.

As all other except CFO puts compliance burden for corporate governance to be effective.

2.C- Avoidance of all significant Risks.

As risk management will help to address the potential risk and avoid reduce or mitigate.

3.D. Risk Assessing.

Before deciding up the risk response.

4. A. REA Data Model.

5.A. Transaction Processing System.

ekkarill92 answered 1 year ago

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