Who is responsible for setting the "tone at the top"?
A) management
B) PCAOB
C) audit committee
D) SEC

Question

Quizplus · Accepted Answer

Management is ultimately responsible for setting the tone at the top, which refers to the ethical and cultural values that guide the company's behavior and decision-making processes. This includes establishing a code of conduct, enforcing ethical standards, and promoting a culture of integrity throughout the organization. While other entities such as the PCAOB, audit committee, and SEC may have oversight or regulatory roles in ensuring compliance with ethical standards, it is management's responsibility to establish the right "tone at the top."

Who Is Responsible for Setting the "Tone at the Top