Final answer:
The examples given are correct and involve activities related to corporate governance, risk management, and compliance, encompassing legal, financial, and regulatory matters within an organization.
Step-by-step explanation:
The question asks about examples of ongoing litigation, investigations, audits, and record schedule updates. These terms represent activities commonly encountered within the realms of corporate governance, risk management, and compliance. Let me briefly explain each one:
- Ongoing litigation refers to any legal action that is currently active in a court of law and has not yet been resolved.
- Investigations may pertain to internal investigations conducted by a company or external investigations by regulatory agencies or law enforcement.
- Audits are systematic examinations of an entity's accounts, financial documents, compliance with regulations, or processes.
- Record schedule updates involve revising a company's record keeping policies to ensure they are compliant with current laws and regulations.
All four options provided in the question are correct examples of activities a company may be involved in, typically for compliance and transparency purposes.