What are the benefits to a state or local government of establishing an audit committee?
What will be an ideal response?
An audit committee, when properly organized and utilized, can provide substantial benefit to all concerned parties. It can strengthen the stewardship reporting function of the governing board; it can improve communication between the independent auditor and management, thereby enhancing the auditor's independence by serving as an objective buffer between the auditor and management. For taxpayers and creditors, an audit committee can help ensure maximum value and benefit from the audit itself.
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A ________________ allows the firm to eliminate a class of stock by paying the stockholders a specified amount
Fill in the blank(s) with correct word
During negotiations, when passions are high and the parties are deadlocked, ________-party intervention may be the only way to get negotiations back on track.
Fill in the blank(s) with the appropriate word(s).
Explain and give examples of how packaging protects, communicates, and promotes usage.
What will be an ideal response?
Rule utilitarians espouse the view that, if followed, ______ will maximize the benefits to all and can be used as a shortcut to the complexity of evaluating the utility of each decision.
A. cognitive morals B. consequences C. utilitarianism D. general moral rules