-43 Corporate governance is an advice on how to run your business well. You are required to choose from the following the primary purpose of a corporate governance. d out of a. To provide maximum benefits to the top management b. To increase the overall profitability of the company on a short-term basis c. To increase the overall value of the company on a short-term basis O d. Monitor those parties within a company, who control the resources owned by investors 44 Identify from the following the role of an audit committee? ut of a. To involve in operational activities of a company b. To decide the salary of Board of Directors c. To appoint all the Board of Directors O d. Monitor the integrity of the company's financial statements .45 The audit manager has recently resigned and is now employed as finance manager of the audit client. Which of the following threats to objectivity does the above circumstance give rise to? out of 1.Intimidation threat 2.Self-review threat O a 2 only b. 1 only c. Both 1 and 2 O d. Neither 1 nor 2 46 Which of the following is/are the components of internal control. d out of a. All the options O b. Information and communication O c. Risk assessment O d. Control activities