For public companies in the U.S. ,which statement is correct?
A)Management is responsible for the development of internal controls over the financial reporting process.
B)Internal controls over the financial reporting process are only effective as of year-end.
C)Internal controls over the financial reporting process are designed to assure that the internal control process of a company is effective.
D)Effective internal control reporting provides reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes.

Question

Quizplus · Accepted Answer

The Answer of For public companies in the U.S. ,which statement is correct?
A)Management is responsible for the development of internal controls over the financial reporting process.
B)Internal controls over the financial reporting process are only effective as of year-end.
C)Internal controls over the financial reporting process are designed to assure that the internal control process of a company is effective.
D)Effective internal control reporting provides reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes.

For Public Companies in the U