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a) External Auditors
b) Internal Auditors
c) Management
d) Management and Auditors
e) None of the above
The correct option is >>>>>>>>>>>>>>>(C)
The management is responsible for establishing internal controls.
The internal auditors are responsible for evaluating internal controls and providing guidance.
The external auditors are responsible for evaluating sufficiency of internal controls and whether they worked for the whole year or not.
the answer is c) Management
Its Definitely Option C) Management.
Answer is option C- Management is responsible for establishing internal controls.
Option (C) Management.
Establishing internal controls is a responsibility of Management.
Answer (C) Management should be introduce internal control for Public Company .Because they have idea and experience about company behavior.
The management is responsible for estabilishing internal controls, so the option C is the right answer.
c) Management
is in charge, responsible and accountable.
The responsibility of establishing internal controls rest with the management
The ultimate resposibility for establishing internal control resides first and foremost with management.
Internal and external audit provide varying degree of evaluating internal control.
Accordingly the correct answer is (C).
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