Which of the Following Is a Limitation of SEC Requirements

question 11

Multiple Choice

Which of the following is a limitation of SEC requirements for audit committee membership?

• A)The additional responsibilities make service on the committee less desirable to competent directors.
• B)External auditors are unwilling to report to an independent audit committee.
• C)The audit committee compromises the external auditor's independence.
• D)Only the United Kingdom and the United States require audit committees,putting corporations in these countries at a disadvantage.

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Definitions:

Reflections with a Twist

A reflective practice that incorporates a novel or unconventional perspective into traditional reflection processes.

Accent Response

The reaction or adjustment an individual makes to their speech pattern when exposed to a different accent or dialect, often unconsciously.

Closed-ended Response

a type of answer that limits the response options, often to "yes" or "no" or other specific choices.

Embedded Response

A type of answer or reaction that is included or hidden within a larger message or context.