For each requirement, state how it is intended to help to address the risk of fraud in publicly traded organizations. a. Boards must have an audit committee with a minimum of three independent directors. b. The audit committee must have a written charter that addresses the committee's purpose and responsibilities, and the committee must produce an audit committee report; there must also be an annual performance evaluation of the committee.

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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For each requirement, state how it is intended to help to address the risk of fraud in publicly traded organizations.

a. Boards must have an audit committee with a minimum of three independent directors.

b. The audit committee must have a written charter that addresses the committee's purpose and responsibilities, and the committee must produce an audit committee report; there must also be an annual performance evaluation of the committee.

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