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Both pictures are 2 different questions. Question #1 Part a) Identify and briefly explain the Principles of Corporate Governance as given by the International Corporate
Both pictures are 2 different questions.
Question #1 Part a) Identify and briefly explain the Principles of Corporate Governance as given by the International Corporate Governance Network (ICGN). (2 marks) Identify and compare key difference between Sarbanes Oxley Act 2002 and the Code of Corporate Governance Pakistan, in the following areas: (8 marks) NUMBER OF DIRECTORSHIP AND COMPOSITION OF BOARD REMUNERATION OF DIRECTORS . COMMITTEES OF THE BOARD CHIEF FINANCIAL OFFICER, COMPANY SECRETARY AND HEAD OF INTERNAL AUDIT RESPONSIBILITY FOR FINANCIAL REPORTING AND CORPORATE COMPLIANCE INTERNAL AUDIT EXTERNAL AUDIT . NOTE: In order to answer this particular question, you may use tabular format. Under each heading only provide brief explanations (rather than paragraph) and key criteria's. In order to answer this, you will have study these areas properly. For example: Area of Focus SARBANES OXLEY Code of Corporate Governance Meeting of the Board of Chairman is responsible for Chairman is responsible for Directors the agenda of the meeting the agenda of the meeting Attendance by Chairman, The chief financial officer and CEO and CFO is mandatory company secretary or in their absence, the nominee appointed by the Board, shall attend all meetings of the Board: Question 2 Part a) What is meant by ICFR and why was this introduced? What is the significance of ICFR (3 marks) Part b) Is ICFR applicable in Pakistan? Which economic sector of the country implements ICFR? (3 marks) Part c) What is difference between Internal Audit & Internal Control? (4 marks) Question #1 Part a) Identify and briefly explain the Principles of Corporate Governance as given by the International Corporate Governance Network (ICGN). (2 marks) Identify and compare key difference between Sarbanes Oxley Act 2002 and the Code of Corporate Governance Pakistan, in the following areas: (8 marks) NUMBER OF DIRECTORSHIP AND COMPOSITION OF BOARD REMUNERATION OF DIRECTORS . COMMITTEES OF THE BOARD CHIEF FINANCIAL OFFICER, COMPANY SECRETARY AND HEAD OF INTERNAL AUDIT RESPONSIBILITY FOR FINANCIAL REPORTING AND CORPORATE COMPLIANCE INTERNAL AUDIT EXTERNAL AUDIT . NOTE: In order to answer this particular question, you may use tabular format. Under each heading only provide brief explanations (rather than paragraph) and key criteria's. In order to answer this, you will have study these areas properly. For example: Area of Focus SARBANES OXLEY Code of Corporate Governance Meeting of the Board of Chairman is responsible for Chairman is responsible for Directors the agenda of the meeting the agenda of the meeting Attendance by Chairman, The chief financial officer and CEO and CFO is mandatory company secretary or in their absence, the nominee appointed by the Board, shall attend all meetings of the Board: Question 2 Part a) What is meant by ICFR and why was this introduced? What is the significance of ICFR (3 marks) Part b) Is ICFR applicable in Pakistan? Which economic sector of the country implements ICFR? (3 marks) Part c) What is difference between Internal Audit & Internal Control? (4 marks)Step by Step Solution
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