Locate Management\'s Annual Report on Internal Control Over Financial Reporting

Question

Locate Management's Annual Report on Internal Control Over Financial Reporting to answer the following questions: Who is responsible for establishing and implementing effective internal controls? What type of internal controls is the report addressing? What framework did management use to evaluate its internal control? What was management's conclusion about the operating effectiveness of internal control? What information is provided to help readers understand why management arrived at that conclusion? What changes, if any, has management made to improve internal controls? Locate the report of the independent registered public accounting firm. What information, if any, does the audit firm provide about its evaluation of internal controls over financial reporting?

Explanation / Answer

2.a A company’s Chief Executive Officer has overall responsibility for the man­agement of the company, including the design, implementation, and mon­itoring of Internal Control Over Financial Reporting and internal control more broadly. While management structures vary, in many companies, the Chief Financial Officer or the Chief Accounting Officer and his or her staff have day-to-day responsibility for Internal Control Over Financial Reporting.

Related Questions

Navigate

• Browse (All)
• Browse L
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.