__________ Is the System of Control and Performance Monitoring of Top

question 31

Multiple Choice

__________ is the system of control and performance monitoring of top management that is maintained by boards of directors and other major stakeholder representatives.

• A) Corporate governance
• B) Stakeholder oversight
• C) Top management oversight
• D) Corporate performance review
• E) Corporate performance auditing

---

Definitions:

Tax Law

The body of law governing taxation, including regulations on income, corporate, sales, and property taxes, as administered by governmental entities.

Reliability

The degree to which an assessment tool produces stable and consistent results over time.

Faithful Representation

An accounting principle that financial statements should accurately reflect the underlying reality of a company's financial status.

Economic Condition

The state of the economy at a given time, including factors such as growth rates, unemployment levels, inflation rates, and market trends.