1. It is the chief executive of any organisation who must assume final responsibility for all internal controls. A CEO must assume ‘ownership’ of the systems and this ownership must be a part of the manner in which the CEO leads the company.
2. The CEO is to facilitate the setting of the tone from the top in both establishing and enforcing the control environment. The control environment is enforced through having internal control compliance embedded within the culture of the company.This setting of the tone should express itself in terms of the way that managers are treated and the way that the tone is cascaded down through the company.
3. The CEO is to pay particular attention to those areas most vulnerable or open to damaging breaches.
4. The CEO is to ensure the effective internal audit function operating in the company. The internal audit function is an imperative part of the governance structure and must be given the priority it clearly deserves.
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You have explain very nicely that what are the roles and responsibilities of the CEO for the company. Generally, CEO is powerful person of the company who have a rights for taking all decisions and final responsibility for all internal controls.
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