19 Questions
How can investors understand a company's remuneration policies?
Through disclosure
What should the board establish to ensure compliance with IFRS?
Written policies and procedures
What should the chief executive and chief financial officer state to the board in writing?
The responsibility and accountability of individuals for reporting and investigating reports of unethical practices
What should the board or appropriate board committee establish regarding risk?
Policies on risk oversight and management
What action is required from the chief executive and chief financial officer?
State in writing that financial reports accurately reflect the company's financial status
What is a crucial aspect of the audit committee's composition?
Having an independent chairperson who is not the chairperson of the board
In terms of executive remuneration, what requirement should be followed?
Based on thresholds set by shareholders in approved plans
What should the company recognize regarding stakeholders' interests?
Legitimate interests of stakeholders
What should be established and disclosed to guide compliance with legal obligations?
A code of conduct for legitimate stakeholders
What is a key responsibility for promoting ethical and responsible decision-making according to the text?
Safeguarding integrity in financial reporting
Which action is essential to recognize and manage risk effectively based on the text?
Establishing a system of risk oversight and management
What is a critical aspect of safeguarding integrity in financial reporting as per the text?
Independently verifying financial reporting integrity
How can a company promote timely and balanced disclosure effectively based on the text?
Recognizing and managing risk appropriately
Which statement reflects a best practice regarding the integrity of financial statements according to the text?
The company's risk management system operates efficiently in all material respects
What is a key requirement to encourage enhanced board and management effectiveness according to the text?
Fairly reviewing board and management performance
In line with IFRS compliance, what should a company establish regarding risk management?
Operate an efficient risk management system
How can internal compliance be ensured effectively based on the given text?
Operating a sound system of risk oversight
What is an important aspect of maintaining transparency in financial reporting as per the provided information?
Independently verifying financial reporting integrity
Why is it crucial to establish a code of conduct for decision-making based on the text?
To guide practices necessary for maintaining confidence in integrity
Test your knowledge on financial reporting requirements for companies including statements from the CEO and CFO, establishment of an audit committee, and its structure with non-executive or independent directors.
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