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Author Question: Who is responsible for establishing a private company's internal control? (Read 22 times)

ddddddddddeeee4444

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Question 1

Which of the following parties provides an assessment of the effectiveness of internal control over financial reporting for public companies?

Management Financial statement auditors
YesYes


Management Financial statement auditors
NoNo


Management Financial statement auditors
YesNo


Management Financial statement auditors
NoYes


Question 2

Who is responsible for establishing a private company's internal control?
◦ senior management
◦ internal auditors
◦ FASB
◦ audit committee


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Marked as best answer by ddddddddddeeee4444 on Aug 21, 2022

dianagarcia

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ddddddddddeeee4444

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Reply 2 on: Aug 21, 2022
Thanks for the timely response, appreciate it


Joy Chen

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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