Management has responsibility for designing the controls and the effective operations of the:

Question

Quizplus · Accepted Answer

ICFR stands for Internal Control over Financial Reporting, which is a set of controls designed to ensure the accuracy and reliability of financial statements. Management is responsible for designing and implementing these controls and ensuring their effective operation. Choices B, C, D, and E are not relevant to the topic of internal controls over financial reporting.

Management Has Responsibility for Designing the Controls and the Effective