Which of the following is NOT one of the roles and responsibilities of the audit committee in accordance with The UK Corporate Governance Code? ?
A) Selecting and appointing the external auditor
B) Monitoring and reviewing the internal audit function
C) Reviewing significant financial reporting judgements in the financial statements
D) Developing and implementing policy on the engagement of the external auditor to provide non-audit services

Question

Quizplus · Accepted Answer

The UK Corporate Governance Code assigns the responsibility of selecting and appointing the external auditor to the board of directors, not the audit committee. The audit committee's role is to make recommendations regarding the appointment.

Which of the Following Is NOT One of the Roles