Outside auditors are responsible for establishing and maintaining adequate internal controls for each company they audit.

Question

Quizplus · Accepted Answer

While auditors are responsible for evaluating the effectiveness of a company's internal controls, it is ultimately the responsibility of the company's management to establish and maintain those controls. Auditors may make suggestions for improvements, but they are not responsible for implementing them.

Outside Auditors Are Responsible for Establishing and Maintaining Adequate Internal