Which of the Following Positions Report to the Audit Committee

question 125

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 CPAs
• C)The CFO and the independent CPAs
• D)The treasurer and controller

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Definitions:

Oxidation Number

A figure that represents the total number of electrons an atom either gains or loses in order to form a chemical bond with another atom.

Oxidation Number

A value that represents the total number of electrons that an atom either gains or loses in order to form a chemical bond with another atom.

Cl

Symbol for Chlorine, a reactive, yellow-green gas at room temperature, belonging to the halogen group in the periodic table, with applications in water purification, disinfectants, and bleach.

Elemental Metals

A group of elements that share properties such as high electrical conductivity, malleability, and a shiny appearance.