An audit committee should do all of the following except a. Recommend the retention or dismissal of
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An audit committee should do all of the following except
a. Recommend the retention or dismissal of the outside auditors.
b. Determine whether material financial fraud ought to be reported in a company’s financial statements.
c. Consult with the auditor prior to the audit to convey any special concerns the committee has and to request any special investigations.
d. Review the audit fees for reasonableness and investigate the reasons why audit fees may be higher than proposed.
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Related Book For
Auditing Concepts For A Changing Environment With IDEA Software
ISBN: 9780324180237
4th Edition
Authors: Larry E. Rittenberg, Bradley J. Schwieger
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