Which of the Following Statements Is False Regarding Roles and Responsibilities

question 335

Multiple Choice

Which of the following statements is false regarding roles and responsibilities pertaining to risk management and control?

• A) Senior management is charged with overseeing the establishment risk management and control processes.
• B) The chief audit executive is responsible for overseeing the evaluation risk management and control processes.
• C) Operating managers are responsible for assessing risks and controls in their departments.
• D) Internal auditors provide assurance about risk management and control process effectiveness.

---

Definitions:

Direct Method

A cash flow statement reporting approach that lists major categories of gross cash receipts and payments.

Service Department

A segment of an organization that provides support services to other departments, rather than directly contributing to the production of goods.

Computer Workstations

High-performance computers designed for technical or scientific applications, often more powerful than typical personal computers.

Data Processing

The conversion of raw data into meaningful information through a process that includes recording, interpretation, and organization of data.