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Public sector companies are ultimately accountable to? a. united nation b. prime minister c. finance minister d. parliament

Accounting Corporate Law Financial Accounting
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Question ajoutée par Md Jiyaul Abdula , Senior Project Accountant , Gate City Trading and Contracting
Date de publication: 2013/10/14
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Khaled Abdelrehim ACCA DipIFR CMA
par Khaled Abdelrehim ACCA DipIFR CMA , Financial Analysis Assistant General Manager , Khalda Petroleum Company

Prime minister

Muhammad Zubair
par Muhammad Zubair , CFO / Chief Accountant , RH Group

parliament

Vinod Jetley
par Vinod Jetley , Assistant General Manager , State Bank of India

The Public Sector companies are accountable ultimately to their 'share holders' like any other company. The custodian of shareholders in case of public sector companes is the relevant department of the government(State or Union). However, the legislature ( State Assembly or Parliament) has the ultimate control as it can amend the act through which the PSU was created. Also, it can excercise control through the acceptance/rejection  of CAG audit  reports.

Mohammed Salim Allana
par Mohammed Salim Allana , Compliance and Assurance Manager , United Arab Bank

c. Finance Minister

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