The Australian Securities Exchange (ASX)
A) requires all listed companies to have an audit committee
B) requires the Top 300 companies to have an audit committee
C) recommends but does not require listed companies to have an audit committee
D) requires all listed companies with a capitalisation of more than $200 million to have an audit committee

Question

Quizplus · Accepted Answer

The Australian Securities Exchange (ASX) specifically requires the top 300 listed companies to have an audit committee as part of its corporate governance principles and recommendations. This is aimed at ensuring financial reporting and disclosure practices are maintained to a high standard.