The Audit Committee of a Private Company Need Not Approve

question 42

True/False

The audit committee of a private company need not approve all non-audit services provided by the company's financial statement auditor.

---

Definitions:

Second-Generation Neuroleptic

A class of drugs used to treat psychiatric disorders, such as schizophrenia, which tend to have fewer side effects than first-generation antipsychotics.

Clozaril

A brand name for clozapine, an antipsychotic medication used to treat schizophrenia.

Elavil

A tricyclic antidepressant medication used to treat depression and a variety of other mental health conditions.

Antipsychotic Drug

Medication primarily used to manage psychosis, including delusions, hallucinations, and disorders such as schizophrenia.