Who Has the Primary Responsibility for Establishing and Maintaining Good

question 36

Multiple Choice

Who has the primary responsibility for establishing and maintaining good internal controls?

• A)Primary responsibility for controls belongs to internal auditors.They are the ones who create the controls and investigate potential violations of the controls.
• B)Primary responsibility rests with management.Management both conveys acceptable culture and has the final say in how fraud cases are treated.
• C)Primary responsibility lies with employees.They are the ones most likely to fully understand the system on a day-to-day basis and know where controls should be put in place.
• D)Primary responsibility is not attributable to one person or group of people within an organization.Each member of an organization must consider himself or herself personally responsible for the organization's control environment.

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Definitions:

Nervous System

The network of nerve cells and fibers that transmits nerve impulses between parts of the body, overseeing both voluntary action and the regulation of involuntary processes.

Electrochemical Impulses

Biological signals that transmit information along neurons, enabling thought, action, and perception.

Autonomic Nervous

A part of the nervous system that controls involuntary bodily functions such as heartbeat, digestion, and breathing.

Parasympathetic

Part of the autonomic nervous system that is responsible for conserving energy and calming the body down after the fight or flight response.