The external auditor is responsible for establishing and maintaining the internal control system.

Name: The external auditor is responsible for establishing and maintaining the internal control system.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The responsibility of establishing and maintaining the internal control system lies with management, not the external auditor. The external auditor's role is to provide an independent opinion on the effectiveness of the internal control system and to identify any weaknesses or risks.

The External Auditor Is Responsible for Establishing and Maintaining the Internal