An Effective Board of Directors Helps Ensure That the Company

question 72

Multiple Choice

An effective board of directors helps ensure that the company takes only appropriate risks.The audit committee can

• A)reduce the likelihood of fraud and financial statement errors through oversight of the entity-level controls.
• B)reduce the likelihood of financial statement errors by helping management of the company with complex financial reporting issues.
• C)reduce the likelihood of financial statement errors by helping management in the preparation of the financial statements and related notes.
• D)reduce the likelihood of overly aggressive accounting through oversight of financial reporting.

---

Definitions:

English Nation

Pertains to the people, culture, and institutions originating from England, a country in the United Kingdom.

1600

A year marking the turn of the 17th century, notable for its position in the early modern period and events like the establishment of the British East India Company.

Religious Freedom

The right to practice one's religion without interference or repression from the government or other individuals.

Church and State

Refers to the relationship and boundaries between organized religion and the nation's government, often emphasizing the principle of separation to ensure religious freedom.