For Public Companies, the ________ Is Responsible for Hiring the Auditor

question 52

Multiple Choice

For public companies, the ________ is responsible for hiring the auditor as required by the Sarbanes-Oxley Act.

• A) client's management
• B) client's chief executive officer
• C) client's chief financial officer
• D) client's audit committee

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Definitions:

Volunteer

An individual who offers services or efforts willingly and without financial compensation.

Mere Exposure Effect

A psychological phenomenon by which people tend to develop a preference for things merely because they are familiar with them.

Attraction To Object

The phenomenon of being drawn or having a preference towards a specific physical object or item.

Encounter

An event or situation in which two or more individuals or entities come into contact with or confront each other, leading to interaction or exchange.