"Corporate Finance":Rescheduling and prioritizing projects

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来源: 正保会计网校编辑：小鞠橘桔 2020/12/04 17:29:09　字体：大小

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Questions 1:

The post-audit performed as part of the capital budgeting process is least likely to include the:

A、 provision of future investment ideas.

B、 rescheduling and prioritizing of projects.

C 、indication of systematic errors.

Questions 2:

Which of the following is most consistent with good corporate governance practices?

A、 All stakeholders should have the right to participate in the governance of the firm.

B、 An audit committee that benefits from the direct guidance of management.

C 、Appropriate controls and procedures to effectively manage the firm should be in place.

View answer resolution

【Answer to question 1】B

【analysis】

B is correct. Rescheduling and prioritizing projects is part of the planning stage of the capital budgeting process, not the post-audit. The post-audit’s purpose is to explain any differences between the actual and predicted results of a capital budgeting project. This process can aid in indicating systematic errors, improve business operations, and provide concrete ideas for future investment opportunities.

A is incorrect. Rescheduling and prioritizing projects is part of the planning stage of the capital budgeting process, not the post-audit. The post-audit’s purpose is to explain any differences between the actual and predicted results of a capital budgeting project. This process can aid in indicating systematic errors, improve business operations, and provide concrete ideas for future investment opportunities.

C is incorrect. Rescheduling and prioritizing projects is part of the planning stage of the capital budgeting process, not the post-audit. The post-audit’s purpose is to explain any differences between the actual and predicted results of a capital budgeting project. This process can aid in indicating systematic errors, improve business operations, and provide concrete ideas for future investment opportunities.

【Answer to question 2】C

【analysis】

C is correct. Effective corporate governance requires a system of appropriate controls and procedures to protect financial markets and investors.

A is incorrect. Only shareholders have the right (not all stakeholders) to participate in the governance of the firm.

B is incorrect. The audit and compensation committees are best structured with exclusively independent directors, and no management involvement.

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