Those charged with governance are accountable for ensuring that the entity achievits objectivwith 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 accountable for ensuring that the entity achieves objectives related to both compliance with applicable laws and the reliability of financial reporting. This is because governance involves overseeing the management of the entity's operations to ensure that they are carried out effectively and efficiently while complying with relevant laws and regulations. Additionally, governance is responsible for ensuring that financial information is accurate, complete, and transparent so that stakeholders can make informed decisions about the entity.

Those Charged with Governance Are Accountable for Ensuring That the Entity