1.) Explain the role of the Board of Directors and the committees under it.

What do you think are the inadequacies and challenges in corporate governance in the

Philippines? If you are the chairman of the Board of Directors (BOD) of your own

company, how will you improve the company's governance practices?

2.) You are applying to a prestigious organization for an important, highly visible position.

The application requires you to describe an ethical dilemma in your history and how

you handled it. Describe the dilemma and your ethical position.

Which of the five principles of ethical reasoning did you use in arriving at an ethical

decision? If you didn't apply any, what do you think is more suitable in that situation?

3.) A. As an investor, are you a risk-seeking or risk-averse person? Did you have any experience in

investing? (If none, you can cite the experience of others that you know of.) How did you manage the

risk? What did you learn from that experience? How will you apply your current knowledge in

risk management for your future investments? (10 points)

B. Discuss the role of a professional accountant in Enterprise Risk Management (ERM). (10

points)

4.) How do you establish an effective internal control system? Is there such thing as

absolutely effective internal controls? Why do you think so? Support your answer.

5.) What makes a Certified Public Accountant (CPA) a true embodiment of a professional

accountant? Discuss the statutory requirements and ethical considerations of a CPA.

How do you see yourself in the next 10 years as a CPA?