The primary responsibility to oversee the organisation's financial reporting and internal control processes lies with the internal auditors.

Question

Quizplus · Accepted Answer

The primary responsibility to oversee the organisation's financial reporting and internal control processes lies with the management, particularly the CEO and CFO. Internal auditors are responsible for providing independent assurance on the sufficiency and effectiveness of internal control processes, but they do not have the primary responsibility for overseeing them.

The Primary Responsibility to Oversee the Organisation's Financial Reporting and Internal