Under the CLERP 9 Reforms Governing Auditors,which of the Following

question 19

Multiple Choice

Under the CLERP 9 reforms governing auditors,which of the following statements are correct?
I The top 500 ASX listed companies must have an audit committee.
II Former auditors are prohibited from employment in or directorships of their former clients for a period of 2 years.
III The oversight of auditors has been strengthened by the FRC.
IV Audit partners must rotate off a company's audit after a period of 5 years.

• A)I and IV;
• B)I,II and III;
• C)II,III and IV;
• D)I,II,III and IV.

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Definitions:

Socialism

A political and economic theory advocating collective or governmental ownership and administration of the means of production and distribution of goods.

Carlos Montezuma

An influential Yavapai doctor and activist in the early 20th century, advocating for the rights and sovereignty of Native American people.

Historical Significance

The importance or impact of an event, person, or invention in history and how it influences the present or shapes the future.