Who is responsible for establishing the process and controls for preparing accounting estimates?
A) the independent auditor
B) the internal auditor
C) management
D) the audit committee
E) the controller

Question

Quizplus · Accepted Answer

Management is responsible for establishing the process and controls for preparing accounting estimates, as they are in charge of the day-to-day operations and financial reporting of the company.

Who Is Responsible for Establishing the Process and Controls for Preparing