Which of the Following Is Not a Specific Responsibility of an Audit

question 1

Multiple Choice

Which of the following is not a specific responsibility of an audit committee as mandated by the NYSE?

• A)Discussing the company's financial statements with the external auditor.
• B)Setting hiring policies for former employees of the external auditor.
• C)Creating and implementing internal controls.
• D)Discussing financial information provided to analysts.

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Definitions:

Frontal

Pertaining to the forehead or the anterior part of the brain's frontal lobes involved in decision making and problem-solving.

Squamous

Relating to or resembling a scale or scales; flat cells that are typically found in the lining of the mouth, airways, and blood vessels.

Hypoglossal Canal

A canal in the skull that transmits the hypoglossal nerve from the brain to the muscles of the tongue.

Jugular Foramen

A large opening in the base of the skull, through which the internal jugular vein and several important nerves pass.