πŸ“Š Auditing Corporate Governance
Q. Giving back to host communities is under the notions of
  • (A) Corporate Social Responsibility
  • (B) Business ethics
  • (C) Management audit
  • (D) Electronic Data Processing
πŸ’¬ Discuss
βœ… Correct Answer: (A) Corporate Social Responsibility
πŸ“Š Auditing Corporate Governance
Q. 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
  • (C) Both (a) and (b)
  • (D) None of the above.
πŸ’¬ Discuss
βœ… Correct Answer: (C) Both (a) and (b)
πŸ“Š Auditing Corporate Governance
Q. -----------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
  • (C) Corporate sustainability
  • (D) Corporate philanthropy.
πŸ’¬ Discuss
βœ… Correct Answer: (B) Environmental aspect of Corporate Social Responsibility
πŸ“Š Auditing Corporate Governance
Q. The Triple Bottom line (TBL) which are interlinked are found in
  • (A) Corporate philanthropy
  • (B) Corporate social Responsibility
  • (C) Corporate governance
  • (D) Corporate sustainability.
πŸ’¬ Discuss
βœ… Correct Answer: (D) Corporate sustainability.
πŸ“Š Auditing Corporate Governance
Q. Some common forms of corporate philantrophy are
  • (A) Cash donations
  • (B) In-kind donations
  • (C) Both (a) and (b)
  • (D) None of the above.
πŸ’¬ Discuss
βœ… Correct Answer: (C) Both (a) and (b)
πŸ“Š Auditing Corporate Governance
Q. 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
  • (C) Phillip Kohler and Nancy Lee
  • (D) Harvard school.
πŸ’¬ Discuss
βœ… Correct Answer: (A) McGuire
πŸ“Š Auditing Corporate Governance
Q. -------- 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
  • (C) Corporate reforms
  • (D) Auditing Standards
πŸ’¬ Discuss
βœ… Correct Answer: (B) Corporate governance code
πŸ“Š Auditing Corporate Governance
Q. The governance flaws of collapsed companies may be happened due to
  • (A) Failure of the Board of Directors
  • (B) Flaws in External Audit
  • (C) Dominating Dishonest CEO
  • (D) All of the above.
πŸ’¬ Discuss
βœ… Correct Answer: (D) All of the above.
πŸ“Š Auditing Corporate Governance
Q. The members of the corporate social responsibility committee will be appointed by
  • (A) Board of directors
  • (B) Shareholders
  • (C) Managing director
  • (D) Chief Executive Officer
πŸ’¬ Discuss
βœ… Correct Answer: (A) Board of directors
πŸ“Š Auditing Corporate Governance
Q. 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
  • (C) None of the above
  • (D) i, ii and iv
πŸ’¬ Discuss
βœ… Correct Answer: (B) All of the above