Question
Which of the following are true with respect to an audit committee? CHOOSE ALL CORRECT ANSWERS: A. The audit committee will be responsible for communicating
Which of the following are true with respect to an audit committee? CHOOSE ALL CORRECT ANSWERS:
A. The audit committee will be responsible for communicating with the external auditors, and this will strengthen the auditors' independence and contribute to a channel of communication and forum of issues.
B. It is recommended that the CEO be a member of the audit committee.
C. Having an audit committee is optional for public companies in Canada.
D. The audit committee also pre-approves all non-audit services.
E. It will help to improve the quality of the financial reporting; the audit committee will assist by reviewing the financial statements.
F.The audit committee is elected by the shareholders.
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