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Inessa05 [86]
3 years ago
9

The CFO needs information on the risks that may cause the firm to incur substantial losses. Which person in the company would be

in charge of maintaining that type of information?
Business
1 answer:
borishaifa [10]3 years ago
4 0

Answer:

Internal auditor

Explanation:

An internal auditor is a trained professional that has the responsibility of providing concise and precise evaluations on the financial and operational activities of an organization.

The job of an internal auditor involves the following:

1.  review an organization's business processes.

2. evaluation and assessment of risk management procedures that are currently in place in the organization.

3. protect the organization and its finances against fraud and theft of the organization's assets.

From the above stated functions of an internal auditor, it can be seen in the question also that risk information can only be gotten from the internal auditor.

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Knowledge Check 01 On February 13, a jewelry store sells an engagement ring with a sales price of $10,000 to a nervous young man
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Answer:

Cash Dr 10975  

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The journal entry is shown below;

Cash Dr 10975  

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