Which of following best describes the audit committee's oversight responsibility?
A) Provide oversight of reporting outside the organization.
B) Provide oversight of internal auditing function.
C) Provide oversight of the external audit.
D) All of the above.

Question

Quizplus · Accepted Answer

The audit committee's oversight responsibility includes providing oversight of reporting outside the organization, internal auditing function, and external audit. This is to ensure that financial reporting is accurate, reliable, and meets legal and regulatory requirements. Therefore, option D is the best choice.

Which of Following Best Describes the Audit Committee's Oversight Responsibility