Several different parties are charged with the responsibility for discovering accounting errors and irregularities.These include all of the following except
A)the company's internal audit staff.
B)the company's external auditors.
C)the SEC.
D)the company's legal counsel.

Question

Quizplus · Accepted Answer

The primary responsibility of a company's legal counsel is to provide legal advice and representation. Discovering accounting errors and irregularities is typically not within their scope of duties, unlike internal audit staff, external auditors, and the SEC, which have direct roles in overseeing, auditing, or regulating financial reporting and accounting practices.

Several Different Parties Are Charged with the Responsibility for Discovering