Name Five of the Specific Responsibilities Specifically Directed by the SEC

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Examlex · Accepted Answer

The Answer is 1. The audit committee must not be comprised solely of independent directors
2. The audit committee must not be solely responsible for hiring and firing the
company's auditors
3. The audit committee must establish policies and procedures for complaints regarding
accounting, internal controls, or other auditing matters
4. The audit committee must have the ability to engage its own legal counsel and advisors
5. The audit committee must be adequately funded

Name Five of the Specific Responsibilities Specifically Directed by the SEC

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