Those charged with governance are accountable for ensuring that the entity achieves its objectives with regard to which of the following?
A)The reliability of financial reporting
B)Compliance with applicable laws
C)Both a and b
D)None of the above

Question

Quizplus · Accepted Answer

Those charged with governance are accountable for ensuring that the entity achieves its objectives with regard to both the reliability of financial reporting and compliance with applicable laws. These are essential responsibilities for maintaining the trust and confidence of various stakeholders in the entity, including investors, lenders, regulators, and the public. Therefore, those charged with governance should ensure that the entity's financial statements are accurate, complete, and free from material misstatements, and that the entity operates in accordance with relevant laws and regulations.

Those Charged with Governance Are Accountable for Ensuring That the Entity