Podcast
Questions and Answers
What is the main responsibility of non-executive directors regarding financial information?
What is the main responsibility of non-executive directors regarding financial information?
- To prepare financial statements
- To ensure compliance with laws and regulations
- To manage risk and control matters
- To satisfy themselves on the integrity of financial information (correct)
What is the primary objective of a company's internal control system?
What is the primary objective of a company's internal control system?
- To facilitate the company's effective and efficient operation (correct)
- To manage risk and control matters
- To ensure compliance with laws and regulations
- To safeguard shareholders' investments
How often are directors required to conduct a review of the effectiveness of the group's system of internal controls?
How often are directors required to conduct a review of the effectiveness of the group's system of internal controls?
- Monthly
- Quarterly
- Bi-annually
- Annually (correct)
What is the purpose of the 'Orange Book'?
What is the purpose of the 'Orange Book'?
What is the primary requirement of the Corporate Governance Code Principle C.2?
What is the primary requirement of the Corporate Governance Code Principle C.2?
What is the primary function of governance in an organization?
What is the primary function of governance in an organization?
According to the Turnbull Report, where should risk management and internal control be incorporated?
According to the Turnbull Report, where should risk management and internal control be incorporated?
What is the role of the board according to the UK Corporate Governance Code?
What is the role of the board according to the UK Corporate Governance Code?
What is a key responsibility of the board according to the UK Corporate Governance Code?
What is a key responsibility of the board according to the UK Corporate Governance Code?
What is the focus of Section C.2 of the Code?
What is the focus of Section C.2 of the Code?
