The Primary Responsibility of the Audit Committee Is To

question 55

Multiple Choice

The primary responsibility of the audit committee is to:

• A) oversee the organisation's financial reporting and internal control.
• B) communicate with the auditor.
• C) oversee management's fraud risk assessment process.
• D) all of the above

---

Definitions:

Virtual Team

A group of individuals working together from different geographical locations, connected via technology.

Ethnocentric

Viewing or judging other cultures solely by the standards and values of one's own culture.

Stereotyped

A widely held but fixed and oversimplified image or idea of a particular type of person or thing.

Social Media

Digital platforms that enable users to create and share content or participate in social networking.