Which of the Following Statements Regarding an Audit Committee Is

question 30

Multiple Choice

Which of the following statements regarding an audit committee is true?

• A)The Australian and New Zealand approach of the establishment of an audit committee is legislated for mandatory compliance.
• B)The US approach of the establishment of an audit committee encourages companies to follow best practice.
• C)The existence of an independent audit committee is recognised internationally as an important feature of good corporate governance.
• D)All of the options are correct.

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Definitions:

Enlightenment

A cultural and intellectual movement of the 17th and 18th centuries emphasizing reason, individualism, and skepticism towards traditional doctrines.

Political Order

The set of structures, institutions, and processes that shape how power is exercised, how decisions are made, and how citizens interact with the state.

Divinely Sanctioned

Justified, supported, or approved by a deity or religious authority, often used to legitimize actions, leaders, or laws.

James Oglethorpe

A British military officer, member of Parliament, and philanthropist who founded the colony of Georgia in America in 1733 as a place for debtors and the poor.