Which of the following reports directly to the owners of the company (assume the company is a public company)
A) CFO
B) CEO
C) board of directors
D) audit committee

Question

Quizplus · Accepted Answer

The board of directors is responsible for overseeing the management of the company and making important decisions on behalf of the shareholders, who are the owners of the company in a public company. The CFO and CEO report to the board of directors, and the audit committee is a sub-committee of the board that provides oversight of the company's financial reporting and auditing processes. However, the board of directors ultimately reports to the shareholders.

Which of the Following Reports Directly to the Owners of the Company