OpenTuition.com Free resources for ACCA and CIMA students
Free ACCA and CIMA on line courses | Free ACCA, CIMA, FIA Notes, Lectures, Tests and Forums
AA Practice Questions ACCA AA lectures Download AA Notes
April 1, 2020 at 12:40 pm
100% first time
February 27, 2020 at 5:37 pm
what is asked in question 2?
Kim Smith says
February 28, 2020 at 7:59 am
You are asked to select whether each of the four descriptions is an example of a fraud or an error.
November 16, 2019 at 9:40 am
I need detailed explanations of the difference between those charged with governance and management, this is because it confuses me so many times. Thank you,
November 24, 2019 at 12:02 pm
Corporate hierarchy broadly is : Shareholders(owners) > Directors(top level management) > Operational managers > Employees
Those charged with governance – Directors of the company; basically the ones directly reporting to shareholders and holding the responsibility of running the company & preparing the FS.
Management – Personnel reporting to the directors and responsible for the day to day operations of business. Basically the lower level managers or divisional heads. Employees under specific departments would directly report to this level of management.
January 20, 2020 at 6:40 pm
Here is a definition: Those charged with governance – The person(s) or organizations(s) (for example, a corporate trustee) with responsibility for overseeing the strategic direction of the entity and obligations related to the accountability of the entity. This includes overseeing the financial reporting process. So for a listed/public entity complying with a code of governance (.e.g UK Code), it will be the audit committee. For an unlisted company with no requirement for separate oversight management is charged with governance – so in the smallest of companies with only two directors (say) – they are responsible for the governance of the company.
You must be logged in to post a comment.