Audit Committee Effectiveness in Cooperatives Quiz
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Questions and Answers

What is one of the integral parts of effective governance mentioned in the text?

  • Marketing strategy
  • Human resource management
  • Financial planning
  • External auditing (correct)

Which type of auditing has long been a legal requirement for most organizations?

  • Performance auditing
  • Internal auditing
  • External auditing (correct)
  • Forensic auditing

What role does the audit committee play in the organization?

  • Financial advisor
  • Marketing strategy planner
  • Product development overseer
  • Internal control mechanism (correct)

Which aspect is internal auditing now being acknowledged as enhancing?

<p>Governance, accountability, and transparency (D)</p> Signup and view all the answers

Who claimed that the audit committee is crucial and essential in ensuring accuracy and reliability in financial reporting?

<p>Yasin and Nelson (2012) (A)</p> Signup and view all the answers

Besides internal audit, what is highlighted as an essential internal control mechanism for an organization?

<p>Audit committee (C)</p> Signup and view all the answers

What is the main focus of the empirical audit committee literature synthesis?

<p>Audit committee effectiveness (C)</p> Signup and view all the answers

In which country's companies was the impact of audit committee attributes on financial reporting quality studied?

<p>Nigeria (B)</p> Signup and view all the answers

Which aspect was NOT part of the study on the influence on financial reporting quality?

<p>Market capitalization (D)</p> Signup and view all the answers

What aspect was investigated in relation to audit committee effectiveness in listed companies on the Nigerian stock exchange?

<p>Financial reporting quality (D)</p> Signup and view all the answers

Which African country was NOT specifically mentioned in the studies related to audit committee effectiveness?

<p>Ghana (C)</p> Signup and view all the answers

What was the main concern in the study about the relationship between audit committee effectiveness and internal audit department interactions?

<p>Financial statement audits (A)</p> Signup and view all the answers

What is the focus of the study by Alzeban & Safwan (2015)?

<p>The impact of audit committee characteristics on internal audit recommendations (C)</p> Signup and view all the answers

In which country does the study by Alqatamin (2018) provide evidence from?

<p>Jordan (A)</p> Signup and view all the answers

Which article discusses the role of audit committees in corporate governance?

<p>Al-Baidhani (2016) (B)</p> Signup and view all the answers

In which journal was the study by DeZoort et al. (2002) likely published?

<p>Journal of Applied Accounting Research (D)</p> Signup and view all the answers

What aspect of audit committees does the study by Madelyn (2022) explore?

<p>Audit committee roles in environmental accounting disclosures (B)</p> Signup and view all the answers

According to Al Shaer, Salama, & Toms (2017), what does audit committee independence correlate with?

<p>Financial reporting quality (C)</p> Signup and view all the answers

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