A member of a public company audit committee is _________.

	A.	always a non-executive director
	B.	either an executive or non-executive director
	C.	none of these answer choices are correct
	D.	always an executive director

What is the risk that an auditor expresses an inappropriate audit opinion when the financial statements are materially misstated?

	A.	Inherent risk
	B.	Detection risk
	C.	Control risk and substantive risk
	D.	Audit risk

Which of the following statements is true?

1). A due care defense is a primary defense against tort actions just as it constitutes a contributory negligence defense.

2) In the legal defense the defendant must establish that the plaintiffs loss resulted in whole or in part from causes other than the false or misleading statements.

	A.	1 only
	B.	Neither
	C.	Both 1 and 2
	D.	2 only