Dembe started and manages a transportation company in Kampala, Uganda. Dembe hired an accounting firm to perform an audit of corporate financials. In which management responsibility area was Dembe acting by requesting an audit?

Question

Quizplus · Accepted Answer

Requesting an audit falls under the monitoring responsibility area, as it involves reviewing and ensuring that the company's financial operations are correctly recorded and reported. This helps in identifying any discrepancies or areas for improvement in the financial management of the company.

Dembe Started and Manages a Transportation Company in Kampala, Uganda