Answer (D) is correct . Management is responsible for establishing goals and objectives, developing and implementing control procedures, and accomplishing desired results.
Answer (A) is incorrect because External auditors are responsible for the independent outside audit of financial statements.
Answer (B) is incorrect because Accounts receivable staff is responsible for daily transaction handling.
Answer (C) is incorrect because Internal auditors are responsible for examining and evaluating the adequacy and effectiveness of internal control.
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