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AGA CGFM Exam - Topic 4 Question 20 Discussion

Actual exam question for AGA's CGFM exam
Question #: 20
Topic #: 4
[All CGFM Questions]

Who holds primary responsibility for establishing internal controls?

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Suggested Answer: D

by Joni at Nov 19, 2022, 06:57 PM

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Myong
4 months ago
I thought the audit committee had a bigger role in this!
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Amie
4 months ago
Yeah, management sets the tone for controls.
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Mariko
4 months ago
Wait, are you sure it's not the auditors?
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Antonio
4 months ago
Totally agree, it's all on management!
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Naomi
4 months ago
Management is primarily responsible for internal controls.
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Delbert
5 months ago
I definitely studied that management is responsible for internal controls, but I wonder if the audit committee has a significant oversight role too.
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Talia
5 months 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.
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Lettie
5 months ago
I remember a practice question where it mentioned that internal auditors assess controls, but they don’t set them up.
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Vincent
5 months ago
I think management is primarily responsible for establishing internal controls, but I’m not completely sure.
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Novella
5 months 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.
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Pearly
5 months ago
I distinctly remember that encryption is often mentioned, but I'm not sure it addresses all the security issues raised in this scenario.
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Rene
5 months ago
I have a feeling it's actually in config-bgp, but I could be mixing that up with something else.
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Becky
5 months 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.
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Scarlet
10 months 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.
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Clement
8 months ago
Yeah, I agree. It's definitely not the audit committee.
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Osvaldo
8 months ago
I think you're right, management is usually responsible for establishing internal controls.
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Aimee
9 months ago
C) management
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Carmen
10 months ago
Haha, the accountants? Really? Like they have time to worry about anything other than crunching numbers all day. Definitely C!
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Flo
10 months 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.
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Linn
9 months ago
Accountants may be involved in implementing internal controls, but management ultimately holds primary responsibility.
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Ligia
9 months ago
I think internal auditors also play a role in establishing internal controls.
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Verlene
9 months ago
I agree, management is definitely responsible for establishing internal controls.
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Ma
10 months ago
I'm pretty sure the answer is C. Management has to take responsibility for the internal controls, not the accountants or auditors.
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Jose
9 months ago
It's definitely management. They are the ones who need to ensure internal controls are in place.
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Lashon
9 months ago
Yes, management is the one who holds primary responsibility for internal controls.
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Rolande
10 months ago
I think you're right. Management is responsible for establishing internal controls.
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Milly
10 months ago
Of course it's management! They're the ones running the show, so they need to make sure the controls are in place.
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Terrilyn
8 months ago
The audit committee may oversee the controls, but management is the one who sets them up.
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James
8 months ago
Accountants may assist in implementing controls, but management is the one accountable.
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Sophia
8 months ago
Yes, management is ultimately responsible for ensuring the controls are in place.
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Trinidad
8 months ago
Management holds primary responsibility for establishing internal controls.
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Teresita
8 months ago
The audit committee may oversee the controls, but management is the one who sets them up.
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Teddy
9 months ago
Accountants may assist in implementing controls, but management is the one accountable.
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Telma
10 months ago
Yes, management is ultimately responsible for ensuring the controls are in place.
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Mozelle
10 months ago
Management holds primary responsibility for establishing internal controls.
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Irma
10 months ago
But doesn't the audit committee also play a role in overseeing internal controls?
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Quentin
11 months ago
I agree with Elza, management is in charge of establishing internal controls.
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Elza
11 months ago
I think management holds primary responsibility.
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