Final answer:
A steering committee in a systems study represents management and may include a mix of internal executives, key stakeholders, and advisors, serving as a bridge between system development and the company's strategic goals.
Step-by-step explanation:
The question is about the composition of a steering committee in a systems study. The purpose of a steering committee is to represent management and oversee the progress and direction of the study. It is not exclusively made up of outside consultants, external auditors, or just end users. Instead, the steering committee acts as a liaison between the system development team and the organization's management, ensuring that the system aligns with the strategic goals and objectives of the business.
A steering committee may include a mix of internal company executives, key stakeholders, and sometimes advisors or consultants, but it primarily represents the interests of organizational management. The accuracy of financial information, oversight, and good corporate governance, as seen in the example of the board of directors' role in corporate governance, is critical to the success of system studies as well as for the transparent operation of a company.