Review the Following Individual Accounting System Components That Contain the Skills

question 193

Multiple Choice

Review the following individual accounting system components that contain the skills and capabilities of individuals in Chart A and review the accounting system components that contain the skills and capabilities of individuals in Chart B.


Which of the following describes the individual required to perform the accounting system skills and capabilities in Chart A and which individual is the responsible individual required to perform the skills and capabilities in Chart B?

• A)Chart A: Independent Auditor;Chart B: Internal Audit Function
• B)Chart A: Managerial Accountant;Chart B: Financial Accountant
• C)Chart A: Audit Committee;Chart B: Cross Functional Teams
• D)Chart A: Cross Functional Teams;Chart B: Treasurer
• E)Chart A: Controller;Chart B: Treasurer

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Definitions:

Fiduciary Duty

An obligation to act in the best interest of another party, such as the duty a trustee has to the beneficiaries of a trust.

Secretary Of State

A high-ranking official responsible for foreign affairs and administrative tasks within a government.

Treasurer

An official or executive in an organization responsible for managing and overseeing financial affairs and funds.

Chief Information Officer

An executive role responsible for managing and implementing information and computer technologies in an organization.