Which of the following statements regarding an audit committee is true?
A)The Australian and New Zealand approach of the establishment of an audit committee is legislated for mandatory compliance.
B)The US approach of the establishment of an audit committee encourages companies to follow best practice.
C)The existence of an independent audit committee is recognised internationally as an important feature of good corporate governance.
D)All of the options are correct.

Question

Quizplus · Accepted Answer

The existence of an independent audit committee is widely recognized as an important feature of good corporate governance internationally, ensuring oversight and integrity in financial reporting.

Which of the Following Statements Regarding an Audit Committee Is