第1题：
A thank ;
B grateful ;
C appreciate
第2题：
A.requests
B.references
C.remarks
D.restrictions
第3题：
此题为判断题(对，错)。
第4题：
Centralized management is exercised by a small number of people, the Board of Directors, which is headed by the Chairman (or, in the USA, the President) and decides the overall policy of the ________.
A.society
B.family
C.firm
D.world
第5题：
Would you mind filling the questionnaire for me? ()
A. No problem. Just give me your questionnaire.
B. Sorry I can't go there.
C. I really appreciate that.
第6题：
-Can you tell us why you think this makes good business sense to you? -We've been doing quite well on our own and we could probably survive like this for quite a few more years to come, but if we really want to take it to the next level, ____________.
：A the board of directors needn't take the present economic situation into consideration ;
B it's not necessary for us to develop the company any more ;
C we are going to have to consider finding more investors
第7题：
I really appreciate ()to help me,but I am sure that I will be able to manage by myself.
A、you to offer
B、your offering
C、that you offer
答：B
第8题：
Mr. Cody: I was very sorry to hear about your father's illness, please give my regards to him.
Ms. Cobb: Thank you. __________
A． He would be happy to meet you.
B． He had a very bad cold.
C． I'll talk to him.
D． I appreciate your concern.
第9题：
此题为判断题(对，错)。
第10题：
(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)