Which of the following statements is incorrect?
A) Accounting professionals are the first line of defense when they use and comply with internal controls in their organizations.
B) Financial accounting professionals are the first line of defense when monitoring internal controls in their organization.
C) Internal auditors are the third line of defense when evaluating accounting systems for internal control deficiencies.
D) All of these answer choices are correct.

Question

Quizplus · Accepted Answer

Financial accounting professionals are typically considered part of the first line of defense in terms of implementing and operating internal controls, rather than monitoring them. Monitoring of internal controls is more closely associated with the roles of internal auditors, who are considered the third line of defense.

Which of the Following Statements Is Incorrect