The ________ Is the Subcommittee of the Board of Directors

question 71

Multiple Choice

The ________ is the subcommittee of the board of directors that is responsible for ensuring the accuracy of accounting and financial statements.

• A) audit committee
• B) finance committee
• C) nominating committee
• D) personnel and compensation committee

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Definitions:

Securities And Exchange Commission

A U.S. government agency responsible for regulating the securities industry, enforcing federal securities laws, and overseeing the stock and options exchanges.

Due Diligence

A comprehensive appraisal or investigation of a business or person prior to signing a contract, or an act with a certain standard of care.

Registration Statement

A document filed with the Securities and Exchange Commission (SEC) that contains details about an investment offering for sale to the public.

Posteffective Period

The time frame after a registration statement has been declared effective by the SEC, during which securities may be sold.