Which of the Following Statements Regarding an Audit Committee Is

question 30

Multiple Choice

Which of the following statements regarding an audit committee is true?

• A)The Australian and New Zealand approach of the establishment of an audit committee is legislated for mandatory compliance.
• B)The US approach of the establishment of an audit committee encourages companies to follow best practice.
• C)The existence of an independent audit committee is recognised internationally as an important feature of good corporate governance.
• D)All of the options are correct.

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Definitions:

Compulsory Treatment Orders

Legal orders which require a person with a mental health disorder to undergo treatment or therapy without their consent.

Coercive

Referring to the use of force or intimidation to obtain compliance or control over others.

Net-widening

The phenomena by which interventions designed to divert individuals from the criminal justice system actually increase the number of individuals being controlled or supervised by the system.

Best Interests Principle

In provincial mental health law, the doctrine that decisions made by others about the treatment of people suffering from mental disorders should maximize the chances of a good outcome, taking into account the risks and benefits of all available treatments.