AGRC ICCGO Exam Questions Instant Access - No Installation Required

Question 1

When comparing the COSO framework for risk management with the ISO 31000 international standard for risk management, in terms of the use of terminology, we find that:

AThe COSO framework discusses some concepts and terms derived from 'risk acceptance level.'

BThe ISO 31000 international standard for risk management discusses many common concepts and terms for risk management.

CThe ISO 31000 international standard for risk management refers to the concept of 'risk tolerance' as well as 'risk criteria.'

Answer : B

Question 2

Among the most important factors affecting corporate governance are:

AThe efficiency of banks and the capital market.

BThe efficiency of regulatory bodies and agencies.

CAll of the above.

Answer : C

Question 3

The final internal audit report is submitted to:

AThe audit committee and then to the CEO.

BThe risk committee and then to the audit committee.

CThe CEO and then to the audit committee.

Answer : A

Question 4

One of the most important recommendations for developing governance principles around the world, specifically "communication regarding risks," is:

AKing IV Report Principles for Governance

BOECD Organization for Economic Cooperation and Development for Governance

CBasel Committee

Answer : B

Question 5

Among the responsibilities of the board of directors is to ensure the application of:

AControl systems that cover all activities.

BAppropriate control systems for measuring and managing risks.

CTraditional internal control systems.

Answer : B

Question 6

A member of the audit committee is not allowed to hold membership in more than one audit committee in:

Amore than 3 listed companies in the market at the same time.

Bmore than 4 listed companies in the market at the same time.

Cmore than 5 listed companies in the market at the same time.

Answer : A

Question 7

The required quorum for the validity of the decisions of the Extraordinary General Assembly in the case of increasing capital:

ADecisions are issued by a majority of one-half of the shares represented at the meeting.

BDecisions are issued by a majority of three-quarters of the shares represented at the meeting.

CDecisions are issued by a majority of two-thirds of the shares represented at the meeting.

Answer : B

AGRC International Certified Corporate Governance Officer ICCGO Exam Questions