Question 1

Not yet answered

Marked out of 1.33

Flag question

Question text

Question

Which of the following theories considered in this subject is generally regarded as having the greatest explanatory power for corporate governance reforms globally?

a.

Resource dependency theory

b.

Agency theory

c.

Stakeholder theory

d.

No theories identified in this question help to explain corporate governance reforms

e.

Stewardship theory

Question 2

Not yet answered

Marked out of 1.34

Flag question

Question text

Question

There are a broad range of influences and factors that led to the establishment of the ASX Corporate Governance Council (CGC). Which of the following is not one of those influences?

a.

Corporate failures such as HIH Insurance and OneTel

b.

CLERP 9 reforms

c.

The Cadbury Report

d.

The Sarbanes-Oxley Act

Question 3

Answer saved

Marked out of 1.34

Flag question

Question text

Question

Which of the following statements regarding the findings of studies examining the impacts of non-audit services is most accurate?

a.

Research studies, in general, suggest that the provision of non-audit services does not have a material impact on an auditors judgements

b.

Research studies have not investigated the issue of non-audit services, because these kinds of issues cannot be measured in experimental research (e.g., auditor perceptions cannot be measured)

c.

Research studies generally suggest that non-audit services are directly linked to increased litigation expenses against the external auditor when a company fails

d.

Research studies focusing on settings other than Australia generally suggest that the provision of non-audit services does have a material impact on an auditors judgements

e.

Research studies focusing on Australia generally suggest that the provision of non-audit services does not have a material impact on an auditors judgements

Question 5

Not yet answered

Marked out of 1.33

Flag question

Question text

Question

Which of the following types of entities would be least likely to produce audited financial statements at the end of each financial year?

a.

A not-for-profit entity

b.

A large proprietary company

c.

A disclosing entity, as defined by the Corporations Act 2001

d.

A company listed on the ASX

e.

A public company