If a Firm Failed to Disclose Billions of Dollars in Short

question 31

Multiple Choice

If a firm failed to disclose billions of dollars in short term debt in its annual financial report that has been distributed to shareholders,who should be found guilty? (i) Directors of the board.(ii) Internal auditor.(iii) External auditor.

• A)(i)(ii)(iii)
• B)(i)(ii)
• C)(ii)(iii)
• D)(i)(iii)

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Definitions:

Rationally Addressed

Approached or dealt with through logical and well-thought-out reasoning.

Politics

The practice and theory of influencing other people on a global, national, or local level, encompassing the set of activities associated with making decisions in groups or other forms of power relations among individuals, such as the distribution of resources or status.

Accidents of Birth

Circumstances or characteristics (e.g., race, nationality, genetic traits) one is born into, over which they have no control, but which may influence their social standing and life opportunities.

Biopolitics

A concept developed by Michel Foucault referring to the governance of populations through an array of political and administrative mechanisms aimed at managing life processes.