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Which of the following best describes the role of corporate governance? Multiple Choice Management decides which accounting principles are the most appropriate. Shareholders vote to decide who should be members of the board of directors. Holding the management team accountable to shareholders and other constituents for the utilization of the entity's resources. Management often is compensated based on the company's profitability. Which of the following best describes what is meant by generally accepted auditing standards? Multiple Choice Audit assertions generally determined on audit engagements. Acts to be performed by the auditor. Standards of quality for the auditor's performance. Procedures to be used to gather evidence to support financial statements