Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

True or false? The board of directors is ultimately responsible for the internal control system and the "tone at the top".

user-image
Question added by Lesley Lanag CMA CPA , Senior Accountant , Takaful Emarat Insurance (P.S.C)
Date Posted: 2014/12/02
Deleted user
by Deleted user

In my opinion it is true because the board of director manage all the corporation . So the shareholders  ask them for everything .

Lesley Lanag CMA CPA
by Lesley Lanag CMA CPA , Senior Accountant , Takaful Emarat Insurance (P.S.C)

The answer is false. The CEO is ultimately responsible for the internal control system and who sets the "the tone at top". The BOD’s responsibility is to provide governance, guidance and oversight to the management of the company.

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.