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Which are true with respect to an audit committee

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Reference no: EM132670004

Problem 1: Which of the following are true with respect to an audit committee?

CHOOSE ALL CORRECT ANSWERS:

A. The audit committee will be responsible for communicating with the external auditors, and this will strengthen the auditors' independence and contribute to a channel of communication and forum of issues.

B. It is recommended that the CEO be a member of the audit committee.

C. Having an audit committee is optional for public companies in Canada.

D. The audit committee also pre-approves all non-audit services.

E. It will help to improve the quality of the financial reporting; the audit committee will assist by reviewing the financial statements.

F. The audit committee is elected by the shareholders.

Reference no: EM132670004

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