Question
Explain: this is about the Internal Control Responsibilities of the Board. Each company may have in place an independent audit function, through which the company's
Explain:
this is about the Internal Control Responsibilities of the Board.
Each company may have in place an independent audit function, through which the company's Board, senior management, and stockholders may be provided with reasonable assurance that its key organizational and procedural controls are effective, appropriate, and complied with. The Board may appoint a chief audit executive to carry out the audit function, and may require the chief audit executive to report to a level within the organization that allows the internal audit activity to fulfill its responsibilities
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