content area top Part 1 Which of the following is NOT true about an audit committee? Question content area bottom Part 1 A. The audit committee is responsible for the appointment of, payment of compensation for, and oversight of public accounting firms employed to audit the company. B. An audit committee must be composed of independent members of the board of directors. C. Outside board members are board members who are not employed by the corporation and do not receive compensation other than for directors' duties from the corporation. D. The audit committee must register with the Public Company Accounting Oversight Board. E. The audit committee must have at least one member who is a financial expert by either education or experience who is able to understand generally accepted accounting principles