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50. Review the following individual accounting system components that contain the skills and capabilities of individoals in Chart A and review the accounting system components

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50. Review the following individual accounting system components that contain the skills and capabilities of individoals in Chart A and review the accounting system components that contain the skills and capabilities of individuals in Chart Accounting Systems: Skills and Capabilities Chart A Analytical skills Verbal and written communication skills Accounting and business knowledge Teamwork abilities Accounting Systems: Skills and Capabilities Chart B Producing annual and quarterly statements Statements prepared in accordance to GAAP Statements useful to external users Annual financial statements audited by an independent CPA accounting system skills and capabilities in Chart A Which of the following describes the individual required to perform the and which individual is the responsible individual required to perform the skils and capabilities in Chart B? A.Chart A: Audit Committee; Chart B: Cross Functional Teams B. Chart A: Independent Auditor, Chart B: Internal Audit Function C. Chart A: Controller; Chart B: Treasurer D. Chart A: Managerial Accountant. Chart B: Financial Accountant E. Chart A: Cross Functional Teams, Chart B: Treasurer 50. Review the following individual accounting system components that contain the skills and capabilities of individoals in Chart A and review the accounting system components that contain the skills and capabilities of individuals in Chart Accounting Systems: Skills and Capabilities Chart A Analytical skills Verbal and written communication skills Accounting and business knowledge Teamwork abilities Accounting Systems: Skills and Capabilities Chart B Producing annual and quarterly statements Statements prepared in accordance to GAAP Statements useful to external users Annual financial statements audited by an independent CPA accounting system skills and capabilities in Chart A Which of the following describes the individual required to perform the and which individual is the responsible individual required to perform the skils and capabilities in Chart B? A.Chart A: Audit Committee; Chart B: Cross Functional Teams B. Chart A: Independent Auditor, Chart B: Internal Audit Function C. Chart A: Controller; Chart B: Treasurer D. Chart A: Managerial Accountant. Chart B: Financial Accountant E. Chart A: Cross Functional Teams, Chart B: Treasurer

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