7. XML-tagged data cannot be sent across the Internet in a universal, platform-independent language. 8. Any suspicious or fraudulent activities can be monitored by analytics software. 9. FRAANK enables organizations to integrate accounting numbers with other financial information publicly available on the Internet, including stock quotes and analyst earnings forecasts. 10. Data integration consists of the capability to provide for the seamless exchange and aggregation of financial data. True or False 1. True 2. False 3. False 4. False 5. True 6. True 7. False 8. True 9. True 10. True Multiple Choice Questions 1. What challenges are intruding upon the corporate governance structures of the twenty-first century? Internet. Globalization. Regulations. All of the 2. By using electronic communication, companies can do which of the following? Increase costs. Improve the timeliness and transparency of communications. Participate in virtual meetings. None of the above. 3. The business-to-business (B2B) strategy is best defined by of the following? Conducting businesses online with consumers. Online transactions exchanged between governmental entities and consumers. Online exchanges of products, services, and business transactions between businesses and suppliers. Online programs and activities between governmental agencies. 4. The quality of public financial information is increased by which of the following: Competence and integrity of providers of information. Soundness of accounting principles. Effectiveness of the related internal controls. All of the above. 5. Sections 302 and 404 of SOX require public companies to: Disclose controls, procedures, management assessment, and reporting on internal control over financial reporting. Report in a timely manner events that could affect their performance. Offer complete, secure, and timely access to documents.
7. XML-tagged data cannot be sent across the Internet in a universal, platform-independent language. 8. Any suspicious or fraudulent activities can be monitored by analytics software. 9. FRAANK enables organizations to integrate accounting numbers with other financial information publicly available on the Internet, including stock quotes and analyst earnings forecasts. 10. Data integration consists of the capability to provide for the seamless exchange and aggregation of financial data. True or False 1. True 2. False 3. False 4. False 5. True 6. True 7. False 8. True 9. True 10. True Multiple Choice Questions 1. What challenges are intruding upon the corporate governance structures of the twenty-first century? Internet. Globalization. Regulations. All of the 2. By using electronic communication, companies can do which of the following? Increase costs. Improve the timeliness and transparency of communications. Participate in virtual meetings. None of the above. 3. The business-to-business (B2B) strategy is best defined by of the following? Conducting businesses online with consumers. Online transactions exchanged between governmental entities and consumers. Online exchanges of products, services, and business transactions between businesses and suppliers. Online programs and activities between governmental agencies. 4. The quality of public financial information is increased by which of the following: Competence and integrity of providers of information. Soundness of accounting principles. Effectiveness of the related internal controls. All of the above. 5. Sections 302 and 404 of SOX require public companies to: Disclose controls, procedures, management assessment, and reporting on internal control over financial reporting. Report in a timely manner events that could affect their performance. Offer complete, secure, and timely access to documents.
Ch12%20IT%20in%20Corporate%20Governance.docx