1) Audit committee members can affect the deterrence and detection of financial statement fraud. Which of the following is false concerning the expectations of audit committee members A)familar with how to monitor the risk of management overide of internal controls B)should be familiar with risks that can increase the likelihood of fraud C)be financial experts D)be familiar with the Public Accounting Oversight Board's requirements related to fraud and illegal acts 2) The use of a whistleblower hotline is one of the more effective measures organizations can implement as part of their fraud risk assessment program. What is not one of the characteristics relating to a whistleblower program that is necessary in order to have effective fraud hotlines? Question 3 options: A)The whistleblower should be compensated with some time of reward for reporting. B)Option for remaining anonymous C) Continuing messages to motive employees to use the hotline D) Management analysis of trends and comparison to norms