Which of the following is NOT one of the audit committee's responsibilities?
A) Monitor the integrity of the financial statements
B) Review all financial reporting judgments
C) Review whistleblowing and compliance processes
D) Review and monitor the effectiveness of the external audit process

Question

Quizplus · Accepted Answer

The audit committee's responsibilities include monitoring the integrity of financial statements, reviewing whistleblowing and compliance processes, and reviewing and monitoring the effectiveness of the external audit process. However, reviewing all financial reporting judgments is the responsibility of management and not the audit committee.

Which of the Following Is NOT One of the Audit