The Company Officer Who Is Assigned the Authority and Responsibility

The company officer who is assigned the authority and responsibility for investing transactions should have all of the following characteristics except:

A) is of unquestioned integrity.
B) possesses the knowledge and skills required of a person charged with executing such transactions.
C) has the ability to understand the auditor's procedures relating to investing transactions.
D) realizes the importance of observing all prescribed control procedures.
E) can assist other participating members of management in making initial and ongoing assessments of risks associated with individual investments.