Which of the Following Is Not One of Management's Responsibilities

question 104

Multiple Choice

Which of the following is not one of management's responsibilities?

• A) Ensuring accounting principles are following in preparing financial statements.
• B) Engaging a qualified auditor.
• C) Implementing effective internal controls.
• D) Ensuring financial statements and disclosures are accurate.

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Definitions:

Cranberries

A type of small, acidic, red berry, commonly found in bogs or wetlands, used in a variety of foods and beverages.

Price Of Oil

The cost per barrel of crude oil, which fluctuates based on global market conditions, supply and demand, and geopolitical events.

Transportation Costs

Expenses associated with the movement of goods or people from one location to another.

Premium

A payment to an insurance company in return for the promise to pay a claim in certain states of the world.