Who Has the Primary Responsibility for Establishing and Maintaining Good

question 30

Multiple Choice

Who has the primary responsibility for establishing and maintaining good internal controls?

• A)Primary responsibility for controls belongs to internal auditors.They are the ones who create the controls and investigate potential violations of the controls.
• B)Primary responsibility rests with management.Management both conveys acceptable culture and has the final say in how fraud cases are treated.
• C)Primary responsibility lies with employees.They are the ones most likely to witness violations and are responsible to watch for those violations.
• D)Primary responsibility is not attributable to one person or group of people within an organization.Each member of an organization must consider himself or herself personally responsible for the organization's control environment.

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Definitions:

Goodness-Of-Fit

A statistical test used to determine how well sample data fits a distribution from a population with a normal distribution.

Unusual Results

Events or data points that significantly differ from the bulk of the data or from what is expected.

Null Hypothesis

In statistical hypothesis testing, it is the hypothesis that there is no effect or no difference and is the statement being tested against the alternative hypothesis.

Genetic Characteristics

Attributes, traits, or disorders determined by genes inherited from an individual's parents.