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All the statements below are true about legitimate power EXCEPT:

A) it can be a very weak form of power if used ineffectively. B) people with legitimate power have an organizational title. C) people with legitimate power have the right to ask others to do things that are within the scope of their authority. D) people with legitimate power have a desire to identify and be associated with a specific individual. E) the higher up in an organization a person is, the more legitimate power he or she generally possesses.

According to The Sarbanes-Oxley Act of 2002, the audit committee of the board of directors is directly responsible for

A) hiring and firing the external auditors. B) performing tests of the company's internal control structure. C) certifying the accuracy of the company's financial reporting process. D) overseeing day-to-day operations of the internal audit department.