Why is an Independent Audit Committee important to a company?
The Sarbanes-Oxley Act requires all audit committee members to be independent and requires the audit committee to hire and oversee the external auditors. This provision is consistent with many investors who consider the board composition to be a critical investment factor. For example, Thompson Financial survey revealed that most institutional investors want corporate boards to be comprised of at least 75% of independent directors
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The generally accepted accounting principles for trading securities include all of the following except
A) initially recording the investment at cost. B) subsequently valuing the investment at fair value. C) including unrealized holding gains and losses as a component of shareholders' equity. D) including interest and dividend revenue as part of income.
One of the best ways to develop audience benefits is to use the "you" view, which A) means that all messages are written in the active voice
B) dictates that all sentences be written as commands. C) emphasizes second-person pronouns instead of first-person pronouns. D) uses slang and abbreviations to personalize the message.
Employee morale can be affected by accidents and illnesses attributed to a workplace.
Answer the following statement true (T) or false (F)
Additional funds needed (AFN) will be negative if:?
A. ?assets that can be acquired only in large, discrete amounts are acquired. B. ?the plant and equipment of the firm is increased to achieve additional growth. C. ?the amount of internal financing expected is decreased because of an increase in operations of the firm. D. ?there are economies of scale in the use of many types of assets. E. ?the amount of internally generated funds is more than sufficient to support the forecasted increase in sales.