Which One of the Following Is Not a Role of the Audit

question 4

Multiple Choice

Which one of the following is not a role of the audit committee set out in the Corporate Governance Code?

• A) Monitoring the integrity of the financial statements of the company and any formal announcements relating to the company's financial performance, reviewing significant financial reporting judgements contained in them.
• B) Reviewing the company's internal financial controls and internal control and risk management systems.
• C) Monitoring and reviewing the effectiveness of the company's internal audit function and assessing the effectiveness and independence of the external auditors.
• D) Determining the executive directors' remuneration.

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Definitions:

Formal Operational

The stage in Jean Piaget's theory of cognitive development where individuals develop the ability to think abstractly and logically.

Gender-stereotyped

Presumptions about individual roles and behaviors based on traditional gender roles.

Toy Preferences

Refers to the tendency of individuals, particularly children, to select toys or play items based on interests, gender, cultural norms, or developmental stage.

Masculine

Qualities, behaviors, and roles traditionally associated with men and boys, as dictated by societal norms.