Which of the following powers does the audit committee have the authority to do?
A) audit the personal bank account of the CEO
B) question any person employed by the company
C) audit the compensation files of companies in the same industry
D) none of the above

Question

Quizplus · Accepted Answer

The audit committee has the authority to question any person employed by the company in order to understand or investigate potential financial misconduct or issues within the company. However, the committee does not have the authority to audit personal bank accounts of individuals or other companies' compensation files.

Which of the Following Powers Does the Audit Committee Have