The primary responsibility to oversee the organisation's financial reporting and internal control processes lies with:

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Quizplus · Accepted Answer

The audit committee, consisting of independent directors, is responsible for overseeing the financial reporting process, internal control processes, and external audit. While ASIC is responsible for regulating and enforcing compliance with financial reporting requirements, external auditors are responsible for performing an independent audit of the organization's financial statements, and internal auditors are responsible for assessing and improving the effectiveness of an organization's internal controls. However, the primary responsibility for overseeing the financial reporting and internal control processes lies with the audit committee.

The Primary Responsibility to Oversee the Organisation's Financial Reporting and Internal