Only one of the following statements is true. Which is it?

Select one:

a.

The audit committee of a listed company is legally responsible for the companys financial statements

b.

All of the directors of a company are jointly and individually responsible for the companys financial statements

c.

The non-executive directors of a company have a lower level of responsibility for the companys financial statements than the executive directors

d.

The only directors responsible for a companys financial statements are those who sign the balance sheet