Which of the following statements regarding organizational governance is not correct?
A) An effective internal audit function is one of the four cornerstones of good governance.
B) Those performing governance activities are accountable to the customer.
C) Accountability is one of the key elements of organizational governance.
D) Governance principles and the need for an internal audit function are applicable to governmental and not-for-profit activities.

Question

Quizplus · Accepted Answer

Governance activities are typically accountable to stakeholders such as shareholders, board members, or the public, rather than directly to customers.

Which of the Following Statements Regarding Organizational Governance Is Not