The Audit Committee

question 59

Multiple Choice

The audit committee

• A) consists of non-executive directors of the Board of Directors.
• B) consists of major shareholders of the client company.
• C) reports to the shareholders at the annual general meeting.
• D) none of the above

---

Definitions:

Company Position

A specific role or job within a company, defined by a set of responsibilities, duties, and possibly a rank within the organizational hierarchy.

Database

An organized collection of structured information, or data, typically stored electronically in a computer system.

Management Information Systems (MIS)

Systems designed to manage information within an organization, facilitating decision-making and streamlining tasks.

Exception Reports

Reports generated to highlight occurrences that fall outside of the standard operating procedures or expected results.