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Who holds primary responsibility for establishing internal controls?
Suggested Answer: D
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38 comments · newest first
MY
Myong
11 months ago
I thought the audit committee had a bigger role in this!
AM
Amie
11 months ago
Yeah, management sets the tone for controls.
MA
Mariko
12 months ago
Wait, are you sure it's not the auditors?
AN
Antonio
12 months ago
Totally agree, it's all on management!
NA
Naomi
12 months ago
Management is primarily responsible for internal controls.
DE
Delbert
1 year ago
I definitely studied that management is responsible for internal controls, but I wonder if the audit committee has a significant oversight role too.
TA
Talia
1 year ago
I’m torn between management and the audit committee. I feel like both have roles, but I can't recall which one has primary responsibility.
LE
Lettie
1 year ago
I remember a practice question where it mentioned that internal auditors assess controls, but they don’t set them up.
VI
Vincent
1 year ago
I think management is primarily responsible for establishing internal controls, but I’m not completely sure.
NO
Novella
1 year ago
Okay, let me take a closer look at these server.conf stanzas. I need to identify the one that clearly shows the Indexer Discovery feature hasn't been fully configured on the Master Node.
PE
Pearly
1 year ago
I distinctly remember that encryption is often mentioned, but I'm not sure it addresses all the security issues raised in this scenario.
RE
Rene
1 year ago
I have a feeling it's actually in config-bgp, but I could be mixing that up with something else.
BE
Becky
1 year ago
Ah, this is a good one. Zones are great for controlling application launches and providing fast resource access for users in different locations. Plus, the reduced administrative overhead is a big plus. I feel pretty confident I can nail this question.
SC
Scarlet
1 year ago
Wait, the audit committee? That's a good one! I bet the person who wrote this question is trying to trick us. Nope, it's gotta be C.
CL
Clement
1 year ago
Yeah, I agree. It's definitely not the audit committee.
OS
Osvaldo
1 year ago
I think you're right, management is usually responsible for establishing internal controls.
AI
Aimee
1 year ago
C) management
CA
Carmen
1 year ago
Haha, the accountants? Really? Like they have time to worry about anything other than crunching numbers all day. Definitely C!
FL
Flo
1 year ago
Hmm, this one's a toughie. But I think C is the right answer. Management's gotta be the ones in charge of that stuff.
LI
Linn
1 year ago
Accountants may be involved in implementing internal controls, but management ultimately holds primary responsibility.
LI
Ligia
1 year ago
I think internal auditors also play a role in establishing internal controls.
VE
Verlene
1 year ago
I agree, management is definitely responsible for establishing internal controls.
MA
Ma
1 year ago
I'm pretty sure the answer is C. Management has to take responsibility for the internal controls, not the accountants or auditors.
JO
Jose
1 year ago
It's definitely management. They are the ones who need to ensure internal controls are in place.
LA
Lashon
1 year ago
Yes, management is the one who holds primary responsibility for internal controls.
RO
Rolande
1 year ago
I think you're right. Management is responsible for establishing internal controls.
MI
Milly
1 year ago
Of course it's management! They're the ones running the show, so they need to make sure the controls are in place.
TE
Terrilyn
1 year ago
The audit committee may oversee the controls, but management is the one who sets them up.
JA
James
1 year ago
Accountants may assist in implementing controls, but management is the one accountable.
SO
Sophia
1 year ago
Yes, management is ultimately responsible for ensuring the controls are in place.
TR
Trinidad
1 year ago
Management holds primary responsibility for establishing internal controls.
TE
Teresita
1 year ago
The audit committee may oversee the controls, but management is the one who sets them up.
TE
Teddy
1 year ago
Accountants may assist in implementing controls, but management is the one accountable.
TE
Telma
1 year ago
Yes, management is ultimately responsible for ensuring the controls are in place.
MO
Mozelle
1 year ago
Management holds primary responsibility for establishing internal controls.
IR
Irma
1 year ago
But doesn't the audit committee also play a role in overseeing internal controls?
QU
Quentin
2 years ago
I agree with Elza, management is in charge of establishing internal controls.
EL
Elza
2 years ago
I think management holds primary responsibility.