Auditing Corporate Governance MCQs and Notes

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Auditing Corporate Governance

Q 1. Giving back to host communities is under the notions of

(A) Corporate Social Responsibility

(B) Business ethics

(D) Electronic Data Processing

Q 2. The CSR committee shall

(A) Formulate and recommend to the Board of Corporate Social Responsibility which shall indicate the activities to be undertaken by the company

(B) Monitor the Crporate Social Responsibility of the company

(D) None of the above.

Q 3. -----------is defined as the duty to cover environmental implications of operations, products and facilities of company.

(A) Corporate social responsibility

(B) Environmental aspect of Corporate Social Responsibility

(D) Corporate philanthropy.

Q 4. The Triple Bottom line (TBL) which are interlinked are found in

(A) Corporate philanthropy

(B) Corporate social Responsibility

(D) Corporate sustainability.

Q 5. Some common forms of corporate philantrophy are

(A) Cash donations

(B) In-kind donations

(D) None of the above.

Q 6. A commitment to improve community well –being through discretionary business practices and contributions of corporate resources is called Corporate Social Responsibility. This definition is given by

(A) McGuire

(B) Mallen Baker

(D) Harvard school.

Q 7. -------- refers to a set of prescriptions and practices that provide guidelines with regards to the effective control of a company in the best interest of its shareholders and other stakeholders.

(A) EDP

(B) Corporate governance code

(D) Auditing Standards

Q 8. The governance flaws of collapsed companies may be happened due to

(A) Failure of the Board of Directors

(B) Flaws in External Audit

(D) All of the above.

Q 9. The members of the corporate social responsibility committee will be appointed by

(A) Board of directors

(B) Shareholders

(D) Chief Executive Officer

Q 10. The CSR projects/activities outlined in the Schedule VII of the Companies Act, 2013 are
i. Promoting education
ii. Eradicating hunger, poverty & malnutrition
iii. Protection of national heritage, art and culture
iv. Ensuring environmental sustainability

(A) Only ii and iii

(B) All of the above

(D) i, ii and iv

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Auditing Corporate Governance

Q 1. Giving back to host communities is under the notions of

Q 2. The CSR committee shall

Q 3. -----------is defined as the duty to cover environmental implications of operations, products and facilities of company.

Q 4. The Triple Bottom line (TBL) which are interlinked are found in

Q 5. Some common forms of corporate philantrophy are

Q 6. A commitment to improve community well –being through discretionary business practices and contributions of corporate resources is called Corporate Social Responsibility. This definition is given by

Q 7. -------- refers to a set of prescriptions and practices that provide guidelines with regards to the effective control of a company in the best interest of its shareholders and other stakeholders.

Q 8. The governance flaws of collapsed companies may be happened due to

Q 9. The members of the corporate social responsibility committee will be appointed by

Q 10. The CSR projects/activities outlined in the Schedule VII of the Companies Act, 2013 are i. Promoting education ii. Eradicating hunger, poverty & malnutrition iii. Protection of national heritage, art and culture iv. Ensuring environmental sustainability

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