Question

44. What do you mean by Audit committee?
(A) Consists of independent directors who report to the board
(B) Consists of dependent directors who report to the board
(C) Consists of independent directors who doesnot to any one
(D) None of above​

Answer 1

Answer:

The primary purpose of a company's audit committee is to provide oversight of the financial reporting process, the audit process, the company's system of internal controls and compliance with laws and regulations.

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