Which one of the following requires the audit committee to be responsible for the appointment and compensation of the external auditor?
A) The Securities Act of 1933.
B) The Securities Exchange Act of 1934.
C) The Investment Company Act of 1940.
D) The Foreign Corrupt Practices Act of 1977.
E) The Sarbanes-Oxley Act of 2002.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act of 2002 requires the audit committee to be responsible for the appointment, compensation, and oversight of the external auditor.

Which One of the Following Requires the Audit Committee to Be