Management Accountants are not responsible for the integrity of financial data for reporting purposes

Question

Quizplus · Accepted Answer

Management accountants have a crucial role in ensuring the integrity of financial data and reporting. They play a key role in corporate governance by providing accurate financial information, identifying and managing financial risks, and ensuring compliance with laws and regulations. Their responsibilities include developing and implementing internal controls, monitoring financial performance, and providing trustworthy financial information to stakeholders. Therefore, it is false that they are not responsible for the integrity of financial data for reporting purposes.

Management Accountants Are Not Responsible for the Integrity of Financial