The Audit Committee of an Entity Subject to SEC Regulation

question 55

Multiple Choice

The audit committee of an entity subject to SEC regulation will do all of the following except:

• A) be responsible for agreeing to fee compensation of the independent audit firm.
• B) sign certification of the annual financial statements.
• C) be comprised only of individuals who are not members of management.
• D) approve non-audit services provided by the independent audit firm.
• E) serve as liaison between the board of directors and the independent audit firm.