Which of the Following Groups Establishes and Maintains the Company's

question 13

Multiple Choice

Which of the following groups establishes and maintains the company's internal controls?

• A)Internal auditors
• B)Board of Directors
• C)Management
• D)Audit committee

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Definitions:

Bonds

Fixed-income investments representing loans to borrowers such as corporations or governments, paid back with interest over time.

Interest Accrual

The process of recognizing interest expense or interest income that has been earned but not yet paid or received.

Earnings Per Share

A company's net profit divided by the number of its common shares outstanding, indicating the profitability on a per-share basis.

Net Income

The total profit of a company after all expenses, including taxes and operating costs, have been subtracted from total revenue.