An Audit Committee Must

question 9

Multiple Choice

An Audit Committee must:

• A) Be comprised solely of independent individuals who do not have direct financial interests in the company they serve
• B) Be comprised solely of independent individuals who are not members of the corporation's Board of Directors
• C) Be comprised solely of individuals who also serve as company directors
• D) Approve the core accounting methods selected and applied by the company's auditors in presenting company financial statements

---

Definitions:

Emotional Intelligence

The ability to perceive, access and generate, understand, and reflectively regulate emotions.

Theory of Evolution

The theory of evolution, proposed by Charles Darwin, explains the process by which organisms change over time as a result of changes in heritable physical or behavioral traits.

Charles Darwin

A 19th-century naturalist known for his contributions to evolutionary theory, particularly the concept of natural selection.

1800s

Refers to the 19th century, a period marked by significant social, economic, and technological changes worldwide.