Which of the Following Positions Report to the Audit Committee

question 112

Multiple Choice

Which of the following positions report to the audit committee of the Board of Directors?

• A)The CFO and internal audit department
• B)The internal audit department and the independent CPA firm
• C)The CFO and the independent CPA firm
• D)The treasurer and controller

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Definitions:

Illegal Conspiracy

An unlawful plan by two or more parties to commit a criminal act or to achieve an illegal end.

Massachusetts Supreme Court

The highest court in the Commonwealth of Massachusetts, responsible for interpreting and applying the law.

Commonwealth v. Hunt

A landmark 1842 Massachusetts Supreme Court case that declared labor unions and strikes legal for the first time in the United States.

Labor Unions

Organizations formed by workers to protect their rights and interests, negotiate with employers over wages, benefits, and working conditions.