In a large company, who usually monitors the internal control?
A) Internal auditors.
B) PCAOB.
C) CFO.
D) External auditors.

Question

Quizplus · Accepted Answer

Internal auditors are typically responsible for monitoring internal controls within a company. They are independent from management and report directly to the Audit Committee or Board of Directors. CFOs may also have input on internal controls, but it is not typically their primary responsibility. External auditors and the PCAOB may review internal controls as part of their audit, but they do not have day-to-day responsibility for monitoring them.

In a Large Company, Who Usually Monitors the Internal Control