CS Professional Governance, Risk Management, Compliances and Ethics PYQ December 2021: Question Paper and Available Answers
CS Professional
Governance, Risk Management, Compliances and Ethics
PYQS Series
December 2021
31 Questions Indexed
ICSI Examination Archive & Suggested Answers: This directory contains indexed questions from the paper for CS Professional Governance, Risk Management, Compliances and Ethics PYQS (December 2021). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.
Indexed questions
- Z Finance Pvt. Ltd. (Z) is a deposit taking Non-Banking Financial Company (NBFC-D) registered with the Reserve Bank of India (RBI) and incorporated on 7th January, 2020. Z is engag
- M/s. LMN & Co. Chartered Accountants have been appointed as the statutory auditors of AB Ltd. for the financial year 2019-20. During the course of their audit, certain transactions
- P Ltd. is a listed company having 10 directors but only 9 were present in a particular board meeting. What would be the quorum required for the board meeting ? The number of intere
- SBL Limited is an unlisted public company having paid-up share capital of ₹10 crores and turnover of ₹300 crores. The Board of directors comprise of one nominee director, five non-
- Discuss, in brief, the actions the institutional investors in a listed company may take under the UK Stewardship Code if they are dissatisfied with the board's response to their co
- During the course of the statutory audit of Y Ltd., a listed company, it was observed for the first time that there are shares in the demat suspense account. State the disclosure r
- "Shareholders and stakeholders are both associated with a corporation, but their interests in the organization differ." Explain with reference to stakeholder theory.
- You are the company secretary of Q Ltd., a listed company. The Chairman of the Board of directors of Q Ltd. is concerned that the CEO of the company will be reaching his retirement
- Prepare a detailed note on Institute of Directors for promoting good corporate governance for UK business.
- "Company law's central dilemma has been the separation of ownership and control in companies." Comment.
- M Ltd. is a listed entity having a paid up equity share capital of ₹100 crores. The company has 1500 small shareholders. It received a notice from 1200 small shareholders proposing
- Whether the receipt of sitting fee for attending the board meeting by an Independent Director from a company would be considered as having pecuniary interest while considering his
- HP Ltd., a Non-Government unlisted company, have paid up share capital of ₹20 crores as on 31st March, 2019, it was increased to ₹25 crores during the financial year 2019-20. The c
- HP Ltd., a Non-Government unlisted company, have paid up share capital of ₹20 crores as on 31st March, 2019, it was increased to ₹25 crores during the financial year 2019-20. The c
- HP Ltd., a Non-Government unlisted company, have paid up share capital of ₹20 crores as on 31st March, 2019, it was increased to ₹25 crores during the financial year 2019-20. The c
- Explain the areas briefly in which Asian Corporate Governance Association (ACGA) works.
- Write a short note on the content of Management Discussion and Analysis.
- "A Company Secretary plays an important role in controlling the risk management." Discuss.
- What are the steps involved in risk identification?
- Discuss briefly the Enterprise Risk Management (ERM). Explain the components derived from the way management runs an enterprise and are integrated with the management process.
- Discuss the roles and responsibilities of the personnel of an entity in enterprise-wide risk oversight.
- Define compliance. What is the difference between compliance and conformance?
- Write a short note on reporting principles and standard disclosures under Global Reporting Initiative.
- Discuss the guiding principles for preparation and presentation of an integrated report.
- Define internal audit. What are the main aspects of internal auditing?
- "Internal control is a part of the internal check system." Discuss.
- Define financial reporting. What are its main components?
- State in brief, the components of internal control under the framework of the Committee of Sponsoring Organizations (COSO).
- Specify, in brief, the information to be disclosed in board's report.
- "The Prevention of Corruption Act, 1988 enacted to combat corruption in public sector and not in the private sector businesses of India." Do you agree with the statement ? Justify
- Explain the Economic Value Added (EVA) and how it is helpful in calculating the true economic profit of an enterprise ?
How to Prepare for CS Professional Governance, Risk Management, Compliances and Ethics
Use past questions to practise the paper format and review available answers. Check the current syllabus, applicable law and examination duration before attempting a timed paper.