A committee of the board of directors responsible for oversight of internal controls, financial reporting and disclosure in the financial statements, regulatory compliance, and the company's independent auditors is/are called (a/an) ________.

Question

Quizplus · Accepted Answer

An audit committee is responsible for overseeing internal controls, financial reporting, regulatory compliance, and independent auditors. Covered members, executors, and dependents are not typically used to describe this type of committee.

A Committee of the Board of Directors Responsible for Oversight