An early event leading to the establishment of audit committees as a regular subcommittee of boards of
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a. Explain the role of the audit committee as SOX specifies, with regard to the annual audit conducted by the company's external auditors.
b. Discuss the relationship that should exist between the audit committee and a company's internal audit staff.
c. Explain why the members of the audit committee should be outside (independent of management) board members.
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Related Book For
Advanced Financial Accounting
ISBN: 978-0078025624
10th edition
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
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