Which of the following is not an important consideration, Ask an Expert

Accounting

Which of the following is not an important consideration for senior management of an entity in fulfilling governance responsibilities?

a. Adequate understanding of financial reporting standards and their application
b. Ensure all entity employees accept responsibility for their role in internal controls over financial
reporting
c. Devote resources to hiring and retaining qualified individuals
d. Abdicate responsibility of monitoring financial reporting to the external auditors

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9412258

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