Which Party Has the Primary Responsibility to Oversee an Organization's

question 134

Multiple Choice

Which party has the primary responsibility to oversee an organization's financial reporting and internal control process?

• A) the board of directors
• B) the audit committee
• C) management of the company
• D) the financial statement auditors

---

Definitions:

Autocratic Leader

A leader who makes decisions unilaterally without consulting others, often exerting high levels of control over all aspects of a group or organization.

Skills And Capabilities

The combination of abilities and learned knowledge that individuals or organizations possess, which can be applied to perform tasks effectively.

Autocratic Leader

A leadership style characterized by individual control over all decisions and little input from group members.

Emphasizes Tasks

Refers to an approach or management style that prioritizes the completion of tasks and achieving objectives over other considerations.