Question Tag: Public Companies

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AAA – Nov 2011 – L3 – SB – Q2 – Regulatory Framework and Professional Standards

Overview and impact of the Sarbanes-Oxley Act on corporate accountability and self-regulation.

Question

The Sarbanes-Oxley Act of 2002, enacted in the United States to guide and regulate the work of accountants and auditors, raised issues about the culture of self-regulation in the accounting profession.

You are required to:

(a) State the reason for its enactment and issues covered therein.
(2 Marks)

(b) State its main provisions that relate to corporate accountability.
(8 Marks)

Answer

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Tags: Corporate Accountability, Corporate Scandals, Public Companies, Sarbanes-Oxley Act, Self-regulation
Level: Level 3

Topic: Regulatory Framework and Professional Standards
Series: NOV 2011

BL – May 2014 – L1 – SA – Q12 – Agency Law

Identifying the main types of securities issued by public limited companies.

Question

Company securities which public limited companies issue to raise capital for their operations are mainly shares and ____________.

Answer

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Tags: Public Companies, Securities, Shares
Level: Level 1

Topic: Agency Law
Series: MAY 2014

BMF – Nov 2019 – L1 – SA – Q20 – Basics of Business Finance and Financial Markets

Identifying a short-term funding source that is not used for long-term financing of public limited companies

Question

Public limited liability companies (Plc) obtain funds from a variety of sources. Which of the following is NOT a source of long-term funds for a public limited liability company?
A. Public offer
B. Commercial paper
C. Rights issue
D. Offer for Sale
E. Retained earnings

Answer

Find Related Questions by Tags, levels, etc.

Tags: Financing, Long-Term Funding, Public Companies
Level: Level 1

Topic: Basics of Business Finance and Financial Markets
Series: NOV 2019

AAA – Nov 2016 – L3 – Q2b – Audit evidence | Audit-related services

Recommend the composition of an audit committee for a company preparing to list and describe its responsibilities.

Question

Ghana Sugar Company Limited, a private company, has been in operation for many years. Owing to a rising need to raise additional capital, the shareholders have passed a resolution to convert the company into a public company and list it on the Ghana Stock Exchange. You have been contracted to help the Directors to carry the resolution through. During your preliminary discussion with the Directors, you realized that they were not very conversant with the listing rules of the Ghana Stock Exchange, and you drew their attention to the establishment of an Audit Committee as a condition for listing on the Ghana Stock Exchange.

The Directors agreed to discuss the establishment of the Audit Committee at the next emergency meeting and invited you to be present.

Required: Recommend the composition of the audit committee and describe its responsibilities to the Directors. (10 marks)

Answer

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Tags: Audit Committees, Corporate Governance, Public Companies, Stock Exchange Listing Requirements
Level: Level 3

Topic: Audit evidence, Audit-related services
Series: NOV 2016

AAA – Nov 2011 – L3 – SB – Q2 – Regulatory Framework and Professional Standards

Overview and impact of the Sarbanes-Oxley Act on corporate accountability and self-regulation.

Question

You are required to:

(a) State the reason for its enactment and issues covered therein.
(2 Marks)

(b) State its main provisions that relate to corporate accountability.
(8 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Corporate Accountability, Corporate Scandals, Public Companies, Sarbanes-Oxley Act, Self-regulation
Level: Level 3

Topic: Regulatory Framework and Professional Standards
Series: NOV 2011

BL – May 2014 – L1 – SA – Q12 – Agency Law

Identifying the main types of securities issued by public limited companies.

Question

Company securities which public limited companies issue to raise capital for their operations are mainly shares and ____________.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Public Companies, Securities, Shares
Level: Level 1

Topic: Agency Law
Series: MAY 2014

BMF – Nov 2019 – L1 – SA – Q20 – Basics of Business Finance and Financial Markets

Identifying a short-term funding source that is not used for long-term financing of public limited companies

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Financing, Long-Term Funding, Public Companies
Level: Level 1

Topic: Basics of Business Finance and Financial Markets
Series: NOV 2019

AAA – Nov 2016 – L3 – Q2b – Audit evidence | Audit-related services

Recommend the composition of an audit committee for a company preparing to list and describe its responsibilities.

Question

The Directors agreed to discuss the establishment of the Audit Committee at the next emergency meeting and invited you to be present.

Required: Recommend the composition of the audit committee and describe its responsibilities to the Directors. (10 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Committees, Corporate Governance, Public Companies, Stock Exchange Listing Requirements
Level: Level 3

Topic: Audit evidence, Audit-related services
Series: NOV 2016

Question Tag: Public Companies

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AAA – Nov 2011 – L3 – SB – Q2 – Regulatory Framework and Professional Standards

Overview and impact of the Sarbanes-Oxley Act on corporate accountability and self-regulation.

BL – May 2014 – L1 – SA – Q12 – Agency Law

Identifying the main types of securities issued by public limited companies.

BMF – Nov 2019 – L1 – SA – Q20 – Basics of Business Finance and Financial Markets

Identifying a short-term funding source that is not used for long-term financing of public limited companies

AAA – Nov 2016 – L3 – Q2b – Audit evidence | Audit-related services

Recommend the composition of an audit committee for a company preparing to list and describe its responsibilities.

AAA – Nov 2011 – L3 – SB – Q2 – Regulatory Framework and Professional Standards

Overview and impact of the Sarbanes-Oxley Act on corporate accountability and self-regulation.

BL – May 2014 – L1 – SA – Q12 – Agency Law

Identifying the main types of securities issued by public limited companies.

BMF – Nov 2019 – L1 – SA – Q20 – Basics of Business Finance and Financial Markets

Identifying a short-term funding source that is not used for long-term financing of public limited companies

AAA – Nov 2016 – L3 – Q2b – Audit evidence | Audit-related services

Recommend the composition of an audit committee for a company preparing to list and describe its responsibilities.

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