The New York Stock Exchange requires that the audit committee be:
A) available to comment to external analysts.
B) headed by outside directors.
C) liable for any illegal actions by the top management team.
D) made up of CPAs with auditing experience.

Question

Quizplus · Accepted Answer

The New York Stock Exchange requires that the audit committee be headed by outside directors to ensure independence and objectivity in overseeing the company's financial reporting and audit processes.

The New York Stock Exchange Requires That the Audit Committee