Managing Business Risk is the responsibility of
A)the auditors.
B)management.
C)the SEC.
D)the PCAOB.

Question

Quizplus · Accepted Answer

Managing business risk is the responsibility of the management of the company. The management is responsible for identifying, assessing, and mitigating the risks associated with the business operations. The auditors, SEC, and PCAOB have roles in ensuring transparency and accuracy of financial reporting, but the primary responsibility of managing risk lies with the management team.

Managing Business Risk Is the Responsibility of