- 1 Marks
AAA – L3 – SA – Q5.1 – The regulatory environment
What are the functions of an audit committee?
Question
Which of the following are functions of the audit committee?
1 Policy on giving non-audit work to the audit firm
2 Review of the performance of the external auditor
3 Review of the external auditor’s working papers
4 Review with the external auditors their report on the financial statements
A 1,2 and 3 only
B 1,3 and 4 only
C 2,3 and 4 only
D 1,2 and 4 only
Find Related Questions by Tags, levels, etc.
- Tags: Audit committee, Auditor performance, Financial Statements, Governance, Non-Audit Work
- Level: Level 3
- Topic: The regulatory environment
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