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:

Economists

Professionals who study how societies use scarce resources to produce valuable commodities and distribute them among different people.

Environmentalists

Individuals or organizations focused on protecting the environment and advocating for practices and policies that minimize ecological damage.

Pollution

The infusion of toxins into the natural surroundings, causing detrimental alterations.

Environmental Standards

Regulations and criteria set by authorities concerning pollutants and emissions to preserve environmental quality.