1)

The system of rules, practices and processes by which a company is directed and controlled is called

Risk management

Risk analysis

Corporate governance

Internal control

2)

Which International body issues the Code of Ethics for Professional Accountants?

IASB

IFCA

IAASB

None of the options

3)

The auditor(professional accountant) is helping in selling Natco LLC Company to another company while also serving as the auditor for the company. The auditor may issue a favorable report to increase the sale price of Natco LLC. Which may occur when a professional accountant promotes a position or opinion to the point that subsequent objectivity may be compromised?

Self-interest threats

Advocacy threats

Familiarity threats

Self-review threats