Solved

Maeve Is a Junior Accounting Student, Interning with RAM Manufacturing

Question 83

Essay

Maeve is a Junior accounting student, interning with RAM Manufacturing LLC, a rapidly growing manufacturer of parts for the automotive industry. Maeve has been asked to prepare a chart that illustrates the three lines of defense. Maeve has a spreadsheet listing the names and job descriptions of five key employees. Using the chart below, help Maeve place each employee in the appropriate part of the IIA's three lines of defense model.
? Name  Responsibility Line of DefenseProvides assurance of the effectiveness of internal Justin WrightcontrolsPerforms annual reviews and writes opinionsCameron Yoderregarding the financial statements of the companyTests the effectiveness and efficiency of operationsRyan McDermott and the reliability and integrity of dataGuides those responsible for developing and Lucy Volna implementing policies and proceduresAssists risk owners in defining the target riskDerrick Hile exposure\begin{array}{|l|l|l|}\hline \text {Name }&\text { Responsibility }& \text {Line of Defense} \\\hline&\text {Provides assurance of the effectiveness of internal }\\ \text {Justin Wright} &\text {controls}\\ \hline& \text {Performs annual reviews and writes opinions} \\\text {Cameron Yoder} &\text {regarding the financial statements of the company}\\\hline& \text {Tests the effectiveness and efficiency of operations} \\\text {Ryan McDermott }& \text {and the reliability and integrity of data}\\\hline& \text {Guides those responsible for developing and} \\\text { Lucy Volna }& \text {implementing policies and procedures}\\\hline& \text {Assists risk owners in defining the target risk} \\\text {Derrick Hile }& \text {exposure}\\\hline\end{array}

Correct Answer:

verifed

Verified

None...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents