Question

"A charactered accountant is preparing account of a firm'. Is this an economic activity? mention any one feature of economic activity.

Answer 1

Falsified financial records can cause your company to become a Ponzi scheme, and will be dealt with accordingly. Corporate Governance as Risk Mitigation Corporate governance is of paramount importance to a company and is almost as important as its primary business plan. When executed effectively, it can prevent corporate scandals, fraud and the civil and criminal liability of the company. It also enhances a company's image in the public eye as a self-policing company that is responsible and worthy of shareholder and debtholder capital. It dictates the shared philosophy, practices and culture of an organization and its employees. A corporation without a system of corporate governance is often regarded as a body without a soul or conscience.