Ultimately Any System of Control Is the Responsibility of the Governing

Multiple Choice

Ultimately any system of control is the responsibility of the governing board. The Canadian Institute of Chartered Accountants' (CICA) publication, Guidance for Directors - Governance Processes for Control, describes all of the following control responsibilities for boards given below EXCEPT:

A) Establishing and monitoring the organization's ethical values.
B) Overseeing external communications.
C) Establish a common definition of internal control.
D) Approval and monitoring of mission, vision, and strategy.