3-2 Which of the following does not apply to the audit committee under the Sarbanes-Oxley Act of 2002? a. The audit committee is responsible for hiring, paying, and overseeing the work of the company's external auditors. b. The audit committee is responsible for establishing procedures for receiving and dealing with complaints and anonymous employee tips regarding fraud. c. At least one member of the audit committee is a financial expert. d. The audit committee reports to the external auditrs any alternative accounting treatments within the GAAP that have been discussed with management. Which of the following is not a true statement concerning management's responsibility for fraud prevention? a. The legal doctrine of accountability suggests that if the management is aware of recurring fraud, it has the obligation to halt and prevent the fraud from recurring. b. The corporate sentencing guidelines provide heavy penalties for companies that fail to take voluntary action to redress apparent fraud by management. c. The Private Litigation Securities Reform Act of 1955 holds the management legally liable for not responding to indication of fraud. d. The Racketeer Influenced and Corrupt Organization Act of 1970 (RICO) makes it legal for corrupt management to engage in a pattern of racketeering activity in a legitimate business