Which of the Following Is a Valid Criticism of the CSA

question 28

Multiple Choice

Which of the following is a valid criticism of the CSA corporate governance policies adopted as "best practices" guidelines in June 2005 by the Canadian Securities Commissions?

• A) Enforced mandatory guidelines increase the lifting of the corporate veil.
• B) They fail to nationally harmonize securities regulation policies.
• C) They fail to enforce the effective oversight of the auditing profession.
• D) Non-mandatory guidelines are ineffective compared to enforceable deterrents.

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Definitions:

Put Profit First

A business philosophy focusing primarily on increasing profits and financial performance, often ahead of other objectives.

Act with Integrity

Conducting oneself according to moral and ethical principles, being honest and having strong moral uprightness.

Stakeholder Pressures

The demands or expectations placed on an organization by individuals or groups with an interest in its activities.

Groups of People

Collections of individuals who come together based on common interests, goals, or characteristics.