S1-5 Classify roles within the organization (Learning Objective 3)

Complete the following statements with one of the terms listed here. You may use a term more than once, and some terms may not be used at all.

a. Raising capital and investing funds are the direct responsibilities of the ________.

b. Financial accounting, managerial accounting, and tax reporting are the direct responsibilities of the ________.

c. The internal audit function reports to the CFO or the ________ and the ________.

d. The CEO is hired by the ________.

e. The company’s operations are the direct responsibility of the ________.

f. Management accountants often work with ________.
g. The ________ and the ________ report to the CEO.
h. A subcommittee of the board of directors is called the ________.

Audit committee Treasurer Board of directors Controller CEO CFO Cross-functional teams COO