The audit committee should perform the following in relation to the management of the external auditor except:

Question

Quizplus · Accepted Answer

The audit committee should not perform the task of hiring, firing, or determining the audit fee of the external auditor. These tasks should be performed by the management of the company. The audit committee should only oversee and provide guidance to management in relation to the engagement and performance of the auditor. Therefore, choice D is not correct.

The Audit Committee Should Perform the Following in Relation to the Management