1. An external auditor is issued a subpoena by U.s. Federal court to provide confidential client information to the courts. an auditor may cite professional to the courts. An auditor may cite professional auditing standards and refuse to provide this confidential information since she has an obligation to protect the of client record. True or false

2. Most of today publicly traded companies appoint either the company CFO or controller to chair the Audit Committee in order to increase the financial expertise of the committee