The audit committee should disclose the processes it uses in discharging its responsibilities,including all of the following except:

Question

Quizplus · Accepted Answer

The audit committee's role in directly implementing internal controls is outside its scope of responsibilities and therefore does not need to be disclosed in its processes. The other options listed are all related to the committee's responsibilities and should be disclosed in its processes.

The Audit Committee Should Disclose the Processes It Uses in Discharging