The Responsibility for Adopting Sound Accounting Policies and Maintaining Adequate

question 162

Multiple Choice

The responsibility for adopting sound accounting policies and maintaining adequate internal control rests with the

• A) board of directors.
• B) company management.
• C) financial statement auditor.
• D) company's internal audit department.

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Definitions:

Eye Contact

The act of looking directly into another individual’s eyes, which is an important part of nonverbal communication.

Respect

An attitude of esteem or deference toward others, acknowledging their abilities, qualities, or achievements.

Truthfulness

The quality of being honest or true; not lying, cheating, or stealing.

Inferiority

A feeling of being lower in status or quality compared to others, which can impact an individual's self-esteem and social interactions.