The primary responsibility of the audit committee is to:
A) oversee management's fraud risk assessment process.
B) communicate with the auditor.
C) oversee the organisation's financial reporting and internal control.
D) all of the above

Question

Quizplus · Accepted Answer

The primary responsibility of the audit committee is to oversee and ensure the effectiveness of the organisation's financial reporting and internal control processes. This includes overseeing management's fraud risk assessment process and communicating with the auditor to ensure the accuracy and completeness of the audit process. Therefore, all of the above options are correct.

The Primary Responsibility of the Audit Committee Is To