Managing business risk is the responsibility of
A) The auditors.
B) Management.
C) The SEC.
D) The PCAOB.

Question

Quizplus · Accepted Answer

Managing business risk is the responsibility of the management team, as they are in charge of decision-making and implementing risk management strategies. Auditors provide an independent assessment of the company's financial statements but are not responsible for managing business risk. The SEC regulates and enforces securities laws, while the PCAOB sets auditing standards and oversees auditors of public companies.

Managing Business Risk Is the Responsibility of