Both Apple and Google have audit committees as part of their boards of directors. Access each company’s website (investor.apple.com or investor.google.com) and read about the purpose of the audit committee.
Required
1. From Apple’s website, select Leadership & Governance, Committee Charters, and Audit and Finance. What is the purpose of Apple’s audit committee?
2. From Google’s website, select Corporate Governance, Board Committees, and Audit. What is the purpose of Google’s audit committee?
3. Based on your answers to parts 1 and 2, how would management accountants be involved in assisting the audit committee in carrying out its responsibilities?