The Sarbanes-Oxley Act Requires the Audit Committee to Hire and Oversee

question 94

True/False

The Sarbanes-Oxley Act requires the audit committee to hire and oversee the external auditors.

---

Definitions:

Power Hierarchies

The organization of individuals within groups that dictates the distribution of power and authority.

Independent Self

A self that is relatively separate, internal and unique.

Social Relations

The interactions and connections between individuals in a society, including familial, work, and friendship networks.

Clear Boundaries

Distinct and explicit limits or guidelines that define acceptable behavior or differentiate entities.