Which One of the Following Requires the Audit Committee to Be

question 21

Multiple Choice

Which one of the following requires the audit committee to be responsible for the appointment and compensation of the external auditor?

• A) The Securities Act of 1933.
• B) The Securities Exchange Act of 1934.
• C) The Investment Company Act of 1940.
• D) The Foreign Corrupt Practices Act of 1977.
• E) The Sarbanes-Oxley Act of 2002.

---

Definitions:

Antisocial Behavior

Actions that harm or lack consideration for the well-being of others; often against societal norms or laws.

Individuality Corollary

A principle that acknowledges the uniqueness of each individual's perception and understanding of the world, as proposed by George Kelly's personal construct theory.

Kelly's

Pertains to George Kelly's Personal Construct Theory, which focuses on how people create constructs as mental models to interpret the world.

Opinions

Beliefs or judgments that are not based on certainty or knowledge but rather on what one thinks or feels to be true or probable.