The Sarbanes-Oxley Act of 2002 mandates that every public corporation must have an audit committee that is entirely composed of members of the board of directors who ________.

Question

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The Sarbanes-Oxley Act of 2002 requires that the audit committee of a public corporation be composed of members of the board of directors who are independent of the corporation's management. This means they cannot be employed by the corporation and can only receive compensation for their duties as directors, ensuring the audit committee's objectivity and independence in overseeing the corporation's financial reporting processes.

The Sarbanes-Oxley Act of 2002 Mandates That Every Public Corporation