Those charged with governance are accountable for ensuring that the entity achieves its objectives with regard to which of the following?
A) compliance with applicable laws
B) the reliability of financial reporting
C) both a and b
D) none of the above

Question

Quizplus · Accepted Answer

Those charged with governance are responsible for the entity's overall success and are accountable for ensuring compliance with applicable laws as well as the reliability of financial reporting. Therefore, option C, 'both a and b', is the correct answer.

Those Charged with Governance Are Accountable for Ensuring That the Entity