Under the Sarbanes-Oxley Act,the audit committee of a public company has the following requirement(s):
A) Each member of the committee must be a board member and shall be independent.
B) The audit committee must preapprove all audit and nonaudit services.
C) The audit committee must establish and maintain procedures to handle all issues that relate to accounting, internal control, and auditing.
D) All of the above.

Question

Quizplus · Accepted Answer

All three requirements stated in options A, B, and C are mandated by the Sarbanes-Oxley Act for the audit committee of public companies. Therefore, the correct answer is D - all of the above.

Under the Sarbanes-Oxley Act,the Audit Committee of a Public Company