Which of the following does the audit committee have unconditional authority to do?
A) Audit the personal bank account of the CEO
B) Question any person employed by the firm
C) Audit the compensation files of firms in the same industry
D) None of the above

Question

Quizplus · Accepted Answer

The audit committee has the authority to question any person employed by the firm in order to gather necessary information and ensure compliance with auditing standards. However, auditing the personal bank account of the CEO or auditing the compensation files of firms in the same industry would be outside the scope of the audit committee's authority.

Which of the Following Does the Audit Committee Have Unconditional