(a) Contrast the role of internal and external auditors. (8 marks)
(b) Conoy Co designs and manufactures luxury motor vehicles. The company employs 2,500 staff and consistently makes a net profit of between 10% and 15% of sales. Conoy Co is not listed; its shares are held by 15 individuals, most of them from the same family. The maximum shareholding is 15% of the share capital.
The executive directors are drawn mainly from the shareholders. There are no non-executive directors because the company legislation in Conoy Co’s jurisdiction does not require any. The executive directors are very successful in running Conoy Co, partly from their training in production and management techniques, and partly from their ‘hands-on’ approach providing motivation to employees.
The board are considering a significant expansion of the company. However, the company’s bankers are
concerned with the standard of financial reporting as the financial director (FD) has recently left Conoy Co. The board are delaying provision of additional financial information until a new FD is appointed.
Conoy Co does have an internal audit department, although the chief internal auditor frequently comments that the board of Conoy Co do not understand his reports or provide sufficient support for his department or the internal control systems within Conoy Co. The board of Conoy Co concur with this view. Anders & Co, the external auditors have also expressed concern in this area and the fact that the internal audit department focuses work on control systems, not financial reporting. Anders & Co are appointed by and report to the board of Conoy Co.
The board of Conoy Co are considering a proposal from the chief internal auditor to establish an audit committee.
The committee would consist of one executive director, the chief internal auditor as well as three new appointees.
One appointee would have a non-executive seat on the board of directors.
Required:
Discuss the benefits to Conoy Co of forming an audit committee. (12 marks)
第1题
[b] in debate and [1] in delate can be said to form. a(n) _____.
A.phonemic contrast
B.complementary distribution
C.assimilation role
D.sequential role
第2题
What is the role of the sixth paragraph in the development of the topic?
A.To make a transition to a new topic.
B.To work as a book to the following paragraphs.
C. To provide a contrast to the preceding paragraphs.
D.To offer supporting evidence to the preceding paragraphs.
第3题
What is the role of the 4th and 5th paragraphs in the development of the topic?
A.To show how Kuwaiti women enjoy themselves.
B.To describe how women work and study in Kuwait.
C.To provide a contrast to the preceding paragraphs.
D.To provide a contrast to the preceding paragraphs.
第4题
What is the role of the 4th and 5th paragraphs in the development of the topic?
A. To show how Kuwaiti women enjoy themselves.
B. To describe how women work and study in Kuwait.
C. To provide a contrast to the preceding paragraphs.
D. To provide a contrast to the preceding paragraphs.
第5题
A.the role of real estate activity.
B.the statistics on home prices.
C.the boom of housing market
D.the degree of consumer spirits.
第6题
What is the role of the 4th paragraph in the development of the passage?
A.To show that people don't ask for much about their dream job.
B.To show that most people in America are satisfied with their jobs.
C.To offer supporting evidence to the preceding paragraph.
D.To provide a contrast to the preceding paragraphs.
第7题
What is the role of Paragraph Five in the development of the topic?
A.To offer supporting evidence to the preceding paragraphs.
B.To describe an exceptional phenomenon from the previous ones.
C.To provide a contrast to the preceding paragraphs.
D.To lead the passage to the closing conclusion.
第8题
What is the role of the 4th paragraph in the development of the topic?
A.To show how to use an eye chart in an unordinary way.
B.To show that the regular eye chart is not properly designed.
C.To offer supporting evidence to the preceding paragraphs.
D.To provide a contrast to the preceding paragraphs.
第9题
What is the role of the 4th paragraph in the development of the passage?
A.To show that people don't ask for much about their dream job.
B.To show that most people in America are satisfied with their jobs.
C.To offer supporting evidence to the preceding paragraph.
D.To provide a contrast to the preceding paragraphs.
第10题
By saying" mirror image" (Line 1, Paragraph 2), the author means that
A.doctors and patients always put themselves in the other's shoes.
B.the doctor-patient relationship is the same as the ordinary relationship between producer and consumer.
C.the doctor-patient relationship reverses the ordinary relationship between producer and consumer.
D.the role of doctors is a contrast to the role of their patients.
第11题
What is the role of Paragraph One in the development of the topic?
A.To introduce a feature that the following paragraphs will deal with in detail.
B.To describe the beginning of a story that the passage is going to reveal.
C.To offer supporting evidence to the following paragraphs.
D.To provide a contrast to the following paragraphs.
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