In a public corporation, which of the following reports directly to the owners of a firm?
A) CFO
B) CEO
C) Board of directors
D) Audit committee

Question

Quizplus · Accepted Answer

The board of directors is responsible for representing and acting on behalf of the owners (shareholders) in a public corporation. They are elected by the shareholders and are accountable to them. The CFO and CEO report to the board of directors, while the audit committee is a subset of the board responsible for monitoring financial reporting and audit activities. Therefore, the board of directors is the appropriate choice for this question.

In a Public Corporation, Which of the Following Reports Directly