Which of the following is a responsibility of the directors of a public company?
A)to maintain an internal control system within the company.
B)to ensure financial statements are prepared showing a true and fair view of an organisation's financial situation.
C)to organise for financial reports to be audited.
D)All of the above.

Question

Quizplus · Accepted Answer

All three choices are responsibilities of the directors of a public company according to corporate governance principles and regulations. The internal control system helps to ensure compliance, manage risks and prevent fraud; the financial statements must accurately reflect the financial position, performance and cash flows of the company; and the audit provides independent assurance that the financial reports are reliable and free from material misstatements. These obligations help to maintain the transparency and accountability of the company to its shareholders and stakeholders.

Which of the Following Is a Responsibility of the Directors