Who Evaluates the Accounting System, Including Its Ability to Record

question 72

Multiple Choice

Who evaluates the accounting system, including its ability to record transactions properly and its operational effectiveness, and also determines whether the financial reports prepared conform to the requirements of the applicable authoritative guidance?

• A)management
• B)general counsel
• C)independent auditor
• D)financial vice-president
• E)controller

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Definitions:

Formal Communication

Structured exchange of information that follows established protocols or rules within an organization.

Informal Networks

The unofficial and interpersonal connections and pathways through which information and influence flow within an organization.

Communication Flows

The direction and manner in which information moves within and between organizations or individuals.

Human Relations Manager

A professional responsible for managing and improving the relationship between employees and the organization.