An audit committee is a sub-committee of the board of directors.

Name: An audit committee is a sub-committee of the board of directors.
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This statement is true. The audit committee is a specialized sub-committee of the board of directors, responsible for overseeing the organization's financial reporting, internal controls, and audit processes. Its members are typically independent directors with expertise in finance, accounting, or auditing.

An Audit Committee Is a Sub-Committee of the Board of Directors