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 of the given options are responsibilities of directors of a public company. Directors must maintain an internal control system to ensure the company's operations comply with legal and ethical standards. They are also responsible for preparing financial statements that show a true and fair view of the company's financial status. Additionally, they must organize for these financial reports to be audited by independent auditors to provide assurance to stakeholders regarding the accuracy of the financial information.

Which of the Following Is a Responsibility of the Directors