Which of the following represents a group composed of key officers of a corporation and outside members responsible for the general oversight of the affairs of the company?
A) Board of Directors
B) Internal Audit Staff
C) External Auditors
D) Audit Committee

Question

Quizplus · Accepted Answer

The Board of Directors is composed of key officers of a corporation and outside members responsible for the general oversight of the affairs of the company. The Internal Audit Staff is responsible for internal auditing, and External Auditors are independent auditors retained by the company to provide an opinion on the company's financial statements. The Audit Committee is a subgroup of the Board of Directors that is responsible for overseeing financial reporting and ensuring compliance with laws and regulations.

Which of the Following Represents a Group Composed of Key