Who is ultimately responsible for the implementation of cost-effective internal controls?
A) The director of internal auditing.
B) The chief executive officer.
C) The information systems audit manager.
D) All of these individuals are ultimately responsible for the implementation of cost-effective internal controls.

Question

Quizplus · Accepted Answer

The chief executive officer (CEO) is ultimately responsible for the implementation of cost-effective internal controls. While functional heads, such as the director of internal auditing or the information systems audit manager, may be responsible for specific areas of control, it is the CEO who is ultimately accountable for the effectiveness and efficiency of the organization's internal control system.

Who Is Ultimately Responsible for the Implementation of Cost-Effective Internal