Which of the following is not part of the audit committee's responsibilities?
A)The organization's compliance with legal and regulatory requirements
B)The integrity of the organization's financial statements and reports
C)The organization's policies regarding ethical conduct
D)The organization's ability to process data efficiently and effectively

Question

Quizplus · Accepted Answer

The audit committee is responsible for overseeing financial reporting and ensuring compliance with legal and regulatory requirements. They also have a role in monitoring ethical conduct within the organization. However, the committee is not responsible for the organization's ability to process data efficiently and effectively. This is typically the responsibility of the IT department or other specialized teams within the organization.

Which of the Following Is Not Part of the Audit