Which of the Following Is NOT a Typical Attribute of an Audit

question 3

Multiple Choice

Which of the following is NOT a typical attribute of an audit committee?

• A)Audit committees are being used more and more throughout the world.
• B)The audit committee is employed by the external auditors.
• C)Audit committees are comprised solely of outside board members.
• D)Audit committees act as a liaison among the full board of directors,internal auditors,external auditors,and management.
• E)The audit committee oversees the internal accounting controls,financial statements and financial affairs of a corporation.

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Definitions:

Random Sample

A method of selecting a subset of individuals from a population in which each person has an equal chance of being chosen.

Double-Blind Experiment

An experimental design in which neither the participants nor the experimenters know who is receiving a particular treatment, to prevent bias.

Case Study

A detailed analysis of a person, group, event, or situation over a period of time, used as a research method in psychology and other disciplines.

Correlation

A statistical measure that indicates the extent to which two or more variables fluctuate together.