In large public companies monitoring is the primary responsibility of the:
i.shareholders; II)board of directors; III)independent accountants; IV)lenders
A)I only
B)II only
C)I,II,and III only
D)I,II,III,and IV

Question

Quizplus · Accepted Answer

In large public companies, the primary responsibility of monitoring lies with the board of directors, who are elected by the shareholders to oversee the management of the company. Independent accountants and lenders may also have some monitoring responsibilities, but they are secondary to the board of directors. Shareholders have the right to vote on important issues and elect the board of directors, but they do not have direct monitoring responsibilities. Therefore, the best choice is II only.

In Large Public Companies Monitoring Is the Primary Responsibility of The