Which of the Following Is a Requirement of the CSA

question 30

Multiple Choice

Which of the following is a requirement of the CSA?

• A) Public corporations must ensure financial statements are independently audited.
• B) Public corporations must ensure their boards have foreign representation.
• C) Public corporations must explain why the corporation is not adhering to best practices.
• D) Public corporations must publish quarterly financial statements.

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Definitions:

TSX

Toronto Stock Exchange, the largest stock exchange in Canada, where stocks, bonds, and other securities are bought and sold.

Incentive Schemes

Programs designed to motivate and compensate employees, often tied to performance criteria to enhance productivity and achieve corporate goals.

Ethical Behaviour

Conduct that is in accordance with accepted principles of right or wrong governing the conduct of a profession or individual.

Whistle Blowers

Individuals who expose information or activity within a private, public, or government organization that is deemed illegal, unethical, or not correct.