Which One of the Following Is NOT Listed as a Factor

question 14

Multiple Choice

Which one of the following is NOT listed as a factor that may influence the effectiveness of an audit committee?

• A) Its interaction with internal audit
• B) The experience of its members
• C) The appropriateness of its actions
• D) The personality of the chairperson

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Definitions:

Distributions

Payments made by a fund, trust, or company to its shareholders or partners, often from profits or interest earned.

Owners

Individuals or entities that hold a property right or equity interest in a business.

Financial Flexibility

The ability of an individual or organization to adapt to financial challenges and take advantage of opportunities, maintaining operation under various financial conditions.

Financial Statement

Formal records of the financial activities and position of a business, person, or other entity, presenting the financial performance over a specific period.