Under the Sarbanes-Oxley Act,the audit committee of a public company has the following requirement(s):
A) Each member of the committee must be a board member and shall be independent.
B) The audit committee must preapprove all audit and nonaudit services.
C) The audit committee must establish and maintain procedures to handle all issues that relate to accounting, internal control, and auditing.
D) All of these.

Question

Quizplus · Accepted Answer

All of these choices are requirements of the audit committee under the Sarbanes-Oxley Act. Each member of the committee must be a board member and independent, the committee must preapprove all audit and nonaudit services, and establish procedures to handle accounting, internal control, and auditing issues.

Under the Sarbanes-Oxley Act,the Audit Committee of a Public Company