Which of the following powers does the audit committee have the authority to do?

Question

Quizplus · Accepted Answer

The audit committee has the authority to question any person employed by the firm in order to fulfill their responsibilities of monitoring financial reporting and internal controls. However, auditing the personal bank account of the CEO or auditing the compensation files of firms in the same industry are not within the scope of the audit committee's authority.

Which of the Following Powers Does the Audit Committee Have