The chief accounting officer responsible for financial reporting and internal controls.

• A. Auditor
• B. Management Accounting
• C. Controller
• D. Financial Forms

Answer: (C)

The main idea here is who holds the responsibility for producing the company’s financial statements and maintaining internal controls within the accounting function. The Controller is the person who fits this role. They run the accounting department, ensure financial statements are prepared in accordance with GAAP, manage the close process, and design and monitor internal controls to safeguard assets and ensure accurate reporting. They also coordinate with the CFO and external auditors to present reliable financial information to management and investors.

An auditor provides independent assurance and is not responsible for day-to-day financial reporting; management accounting focuses on internal reports for decision-making rather than external financial statements; “financial forms” is not a role.