The audit committee relies on the internal and external auditors to develop and communicate objective information needed by the audit committee to effectively perform its oversight functions.

Question

Quizplus · Accepted Answer

The audit committee relies on both the internal and external auditors to gather and provide objective information that will enable them to effectively perform their oversight functions. This includes financial reporting, internal controls, and compliance with legal and regulatory requirements. Without the input and guidance of auditors, the audit committee would be unable to fulfill its duties and ensure the integrity and accuracy of financial information.

The Audit Committee Relies on the Internal and External Auditors