Question Tag: Oversight

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AAA – Nov 2024 – L3 – Q5a – Roles of an Audit Committee in Corporate Governance

Explain four roles of an audit committee in compliance with good corporate governance practices.

An Audit Committee is a sub-group of a company’s Board of Directors responsible for the oversight of the financial reporting and disclosure process. The duties and responsibilities of the Audit Committee greatly contribute to good corporate governance practices of a company.

Required:
Explain FOUR roles of an Audit Committee in compliance with good corporate governance practices.

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PSAF – Nov 2021 – L2 – Q1c – Financial Reporting and Accountability in the Public Sector

Discuss six roles of the Public Accounts Committee (PAC) in ensuring financial accountability.

Discuss SIX roles of the Public Accounts Committee (PAC).

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BMF – Nov 2023 – L1 – SA – Q12 – Business and Organizational Structures and Choices

Identify which body has oversight responsibility for more than one country.

A body that has responsibility or oversight of more than one country is

A. Strategic apex body
B. Supranational body
C. National government
D. Transnational body
E. Strategic body

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PSAF – Dec 2023 – L2 – Q5a – Public sector fiscal planning and budgeting

Discuss ways Parliament can enhance public financial management in Ghana.

Parliament has a constitutional mandate to scrutinize government spending. This oversight function is vested in the legislature as a fundamental principle of the separation of powers. There is, however, the need to improve the capacity of Parliament, especially the committees given the authority to keep the executive in check and to spend within the budget.

Required:
Discuss FOUR (4) ways by which Parliament can enhance public financial management in Ghana, bearing in mind relevant legislations. (10 marks)

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AAA – Nov 2024 – L3 – Q5a – Roles of an Audit Committee in Corporate Governance

Explain four roles of an audit committee in compliance with good corporate governance practices.

An Audit Committee is a sub-group of a company’s Board of Directors responsible for the oversight of the financial reporting and disclosure process. The duties and responsibilities of the Audit Committee greatly contribute to good corporate governance practices of a company.

Required:
Explain FOUR roles of an Audit Committee in compliance with good corporate governance practices.

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PSAF – Nov 2021 – L2 – Q1c – Financial Reporting and Accountability in the Public Sector

Discuss six roles of the Public Accounts Committee (PAC) in ensuring financial accountability.

Discuss SIX roles of the Public Accounts Committee (PAC).

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BMF – Nov 2023 – L1 – SA – Q12 – Business and Organizational Structures and Choices

Identify which body has oversight responsibility for more than one country.

A body that has responsibility or oversight of more than one country is

A. Strategic apex body
B. Supranational body
C. National government
D. Transnational body
E. Strategic body

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You're reporting an error for "BMF – Nov 2023 – L1 – SA – Q12 – Business and Organizational Structures and Choices"

PSAF – Dec 2023 – L2 – Q5a – Public sector fiscal planning and budgeting

Discuss ways Parliament can enhance public financial management in Ghana.

Parliament has a constitutional mandate to scrutinize government spending. This oversight function is vested in the legislature as a fundamental principle of the separation of powers. There is, however, the need to improve the capacity of Parliament, especially the committees given the authority to keep the executive in check and to spend within the budget.

Required:
Discuss FOUR (4) ways by which Parliament can enhance public financial management in Ghana, bearing in mind relevant legislations. (10 marks)

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