Question: Question - Audit Committee Effectiveness Audit committees do not prepare financial reports, nor do they conduct audits. But they have an essential role to play

Question - Audit Committee Effectiveness

"Audit committees do not prepare financial reports, nor do they conduct audits. But they have an essential role to play in ensuring the integrity and transparency of corporate reporting". Explain this statement? Who shouldbe members of the Audit Committee? Is there an association between Audit committee effectiveness and audit quality after IFRS adoption?

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