Which of the Following Statements Is True of the Audit

question 85

Multiple Choice

Which of the following statements is true of the audit committee mandated by the Sarbanes-Oxley Act?

• A) The members of the audit committee are appointed by the SEC.
• B) A person who receives compensation for any duties from a public corporation cannot be appointed as a member of its audit committee.
• C) All the members of the audit committee must be financial experts by either education or experience.
• D) The audit company is responsible for the appointment of accounting firms to audit the company.