Which of the following statements is true of the audit committee mandated by the Sarbanes-Oxley Act?
A) The members of the audit committee are appointed by the SEC.
B) A person who receives compensation for any duties from a public corporation cannot be appointed as a member of its audit committee.
C) All the members of the audit committee must be financial experts by either education or experience.
D) The audit company is responsible for the appointment of accounting firms to audit the company.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements is true of the audit committee mandated by the Sarbanes-Oxley Act?
A) The members of the audit committee are appointed by the SEC.
B) A person who receives compensation for any duties from a public corporation cannot be appointed as a member of its audit committee.
C) All the members of the audit committee must be financial experts by either education or experience.
D) The audit company is responsible for the appointment of accounting firms to audit the company.

Which of the Following Statements Is True of the Audit