Primary Responsibility for the Preparation of Financial Statements in Accordance

question 2

Multiple Choice

Primary responsibility for the preparation of financial statements in accordance with generally accepted accounting principles rests with

• A) the internal auditors.
• B) management.
• C) the external auditors.
• D) the board of directors.

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Definitions:

Primary Mechanism

The main or initial process by which a specific task or function is performed or facilitated.

Motivating People

The process of stimulating individuals to take action that leads to achieving their personal and professional goals.

Flexible Work Schedule

An arrangement that allows employees to vary their arrival and departure times, as well as work location, to accommodate personal needs and preferences.

Motivation

The processes that account for an individual's intensity, direction, and persistence of effort toward attaining a goal.