Audit committees generally have the right to all of the following except:
A) retain legal counsel, investigators, and forensic accountants.
B) take testimony of employees under oath.
C) retain nonauditor accountants.
D) retain other professional advisors as necessary to carry out their duties.

Question

Quizplus · Accepted Answer

While audit committees have a significant amount of power, they do not have the authority to administer oaths or take testimony under oath. This is a power reserved for law enforcement and similar entities. The other options listed are all within the typical authority of an audit committee.

Audit Committees Generally Have the Right to All of the Following