Which One of the Following Statements Is Not True

question 12

Multiple Choice

Which one of the following statements is not true?

• A) The aim of Corporate Governance is to give investors' confidence in the honesty and accountability of listed companies.
• B) Internal auditors report on the annual financial statements.
• C) External auditors cannot be employees of the auditee company.
• D) Internal control systems are set up to assist directors with their duty to safeguard the assets of the company and to ensure that operations are fully under control.