who is ultimately responsible for the establishment and success of a companys internal control…
who is ultimately responsible for the establishment and success of a companys internal control system?\nmultiple choice\nthe companys stockholders.\nthe companys board of directors.\nthe companys top executives.\nthe companys external auditors.
Answer
Brief Explanations:
The board of directors has the fiduciary duty to oversee the company's operations, including the establishment and success of internal control systems to safeguard assets, ensure reliable financial reporting, and promote compliance. Stockholders are more about ownership and broad - level influence, top executives implement under the board's oversight, and external auditors evaluate but don't establish the system.
Answer:
B. The company's board of directors