An audit committee isa. Composed of internal auditors.b. Composed of members of the audit team.c. Composed of members of a company’s board of directors who are not involved in theday-to-day operations of the company.d. A committee composed of persons not associating in any way with the client or the boardof directors.
An audit committee isa. Composed of internal auditors.b. Composed of members of the audit team.c. Composed of members of a company’s board of directors who are not involved in theday-to-day operations of the company.d. A committee composed of persons not associating in any way with the client or the boardof directors.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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An audit committee is
a. Composed of internal auditors.
b. Composed of members of the audit team.
c. Composed of members of a company’s board of directors who are not involved in the
day-to-day operations of the company.
d. A committee composed of persons not associating in any way with the client or the board
of directors.
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