Which of the Following Is Not a Responsibility of the Chief

question 45

Multiple Choice

Which of the following is not a responsibility of the chief executive officer (CEO) and the chief financial officer (CFO) ?

• A)The responsibility to oversee the financial statement external audit.
• B)To ensure the accuracy and completeness of all reports provided to the Securities & Exchange Commission (SEC).
• C)The certification of the strength of the internal control system.
• D)The disclosure to the auditor committee of any frauds they are aware of.

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Definitions:

Exaggerated

Described or represented in a way that is overstated or beyond the truth.

Resistant

Displaying opposition or holding out against something, often referring to the ability to withstand adverse conditions or resistance to disease or treatment.

Minimal Group Paradigm

A concept in social psychology that illustrates how individuals can form in-groups and out-groups with minimal conditions, such as random assignment to groups.

Intergroup Conflict

Conflict that arises between different groups or teams, often due to competition for resources or conflicting goals.