alleryStart learning →Which body is best placed to detect and correct management override of controls?
AA single department head
BOperating staff members
COutside vendors or suppliers
DA strong, active board
Answer & Solution
Correct answer: D. A strong, active board
A strong board with upward communication channels and capable audit functions can spot dishonest management.
Keep practising Risk Assessment and Internal Control
Browse all Risk Assessment and Internal Control questions for CA Inter, or explore more Auditing topics.
Related questions
Sarbanes-Oxley fraud risk assessment focuses on what risk?Automating manual controls can help a business in which way?What do external audit standards most commonly used include?To whom do internal auditors of US listed companies report functionally?Which auditors are employed by the organizations they audit?Financial statements are said to be true and fair when they are free of what?What does an audit seek to provide about statements being free from material error?What is an integrated audit of a public company?