Who is responsible for internal controls within an organization?
A)The internal auditor.
B)The external auditor.
C)Management.
D)The PCAOB.

Question

Quizplus · Accepted Answer

Management is ultimately responsible for establishing and maintaining internal controls within an organization. While internal auditors may provide assessments and recommendations, and external auditors may review and test internal controls, it is management's responsibility to ensure they are in place and functioning effectively. The PCAOB is responsible for overseeing the audits of public companies and registered accounting firms, but they do not have direct responsibility for an organization's internal controls.

Who Is Responsible for Internal Controls Within an Organization