Who Has the Primary Responsibility for Establishing and Maintaining a Company's

question 37

Multiple Choice

Who has the primary responsibility for establishing and maintaining a company's system of internal control?

• A) the company's top management
• B) the company's internal auditors
• C) the company's external auditors
• D) the company's shareholders

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Definitions:

Economic Excuses

Reasonings or justifications based on economic reasons, often used to explain a refusal or avoidance of certain actions due to financial constraints.

Proof Statement

A declaration used to substantiate a claim, often involving evidence or demonstration in a sales context.

Objection

An objection is a reason or argument offered in disagreement or against something, often encountered in sales when customers express concerns over a product or service.

Third Party

An entity that is involved in a transaction or relationship but is not one of the principal parties directly engaged in the agreement.