Auditors are required to communicate either orally or in writing with the audit committee about internal control weaknesses

The purpose of a replacement chart is to:

A. match a current employee with each higher level position so that you know exactly who will succeed when the current incumbent in the higher level position moves on. B. track information about employees who can move into higher level positions within the company in the future. C. develop a map that shows which employees are likely to lead the company and need to be replaced. D. plan for developing employees to fill higher level positions as they become available.

An acceptable project must exceed the firm's cost of debt but not necessarily it's cost of capital

Indicate whether the statement is true or false