Which one of the following statements about audit committees is NOT correct?
A) Members are selected from a company's board of directors.
B) Ideally, members should be actively involved in company management.
C) They help to keep auditors independent of management.
D) Most have 3-5 members.

Question

Quizplus · Accepted Answer

Ideally, audit committee members should be independent and not actively involved in company management. This helps to ensure an objective review of the company's financial statements and internal controls.

Which One of the Following Statements About Audit Committees Is