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.

Answer: A

Business

You might also like to view...

Data envelopment analysis indicates which type of service unit makes the highest profit

Indicate whether this statement is true or false.

Business

If you are a day trader you would probably utilize a(n)

A) discount brokerage firm. B) full-service brokerage firm. C) online brokerage service. D) commercial bank trust department.

Business