Who is responsible for establishing and maintaining the internal control system?
A)the internal auditor
B)the accountant
C)management
D)the external auditor

Question

Quizplus · Accepted Answer

Management is ultimately responsible for establishing and maintaining the internal control system. While the internal auditor and accountant may assist in this process, it is management's duty to ensure that effective internal controls are in place to achieve company objectives, safeguard assets, and ensure accurate financial reporting. The external auditor's role is to evaluate the effectiveness of the internal control system and provide an independent opinion on the accuracy of the company's financial statements.

Who Is Responsible for Establishing and Maintaining the Internal Control