Question

multiple select question select all that apply which groups are charged with developing and monitoring internal control? (select all that apply) board of directors external auditor management internal auditor securities and exchange commission (sec) need help? review these concept resources. read about the concept

Explanation:

• The board of directors oversees and has a role in ensuring effective internal control.
• Management is responsible for developing and implementing internal control systems.
• Internal auditors assess and monitor the effectiveness of internal controls.
• External auditors mainly audit financial statements and assess internal control as part of that, but their primary role isn't developing internal control. The SEC is a regulatory body and doesn't develop/monitor internal control for individual entities.

Answer:

A. board of directors, C. management, D. internal auditor