It Is Regarded as Best Practice in Regard to the Composition

question 8

Multiple Choice

It is regarded as best practice in regard to the composition of audit committees to:

• A)have an executive director as chairperson.
• B)have the internal auditor as a member.
• C)have the external auditor as a member.
• D)none of the above are regarded as best practice in regard to the composition of audit committees.

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Definitions:

Mexican Constitution

The supreme law of Mexico, established in 1917, outlining the structure of the government, rights and duties of citizens, and various social and labor rights.

Legally Enforceable

Refers to agreements, contracts, or obligations that can be upheld or compelled by law.

Collective Bargaining

A negotiation process between employers and a group of employees aimed at reaching agreements to regulate working salaries, working conditions, benefits, and other aspects of workers' compensation and rights.

Labor Relations

The study and practice of managing the relationships between employers and their workforce, especially the negotiation and application of collective bargaining agreements.