Overall, management must design, implement, and maintain:
A) an internal controls program to protect entity assets, liabilities, and owners' equity.
B) internal controls and financial reporting processes to produce timely financial and nonfinancial information that reflects the underlying economics of the business.
C) an accounting system that is in full compliance with U.S. GAAP accounting principles.
D) All of the choices are correct.

Question

Quizplus · Accepted Answer

The Answer of Overall, management must design, implement, and maintain:
A) an internal controls program to protect entity assets, liabilities, and owners' equity.
B) internal controls and financial reporting processes to produce timely financial and nonfinancial information that reflects the underlying economics of the business.
C) an accounting system that is in full compliance with U.S. GAAP accounting principles.
D) All of the choices are correct.

Overall, Management Must Design, Implement, and Maintain