Which of the following positions report to the audit committee of the Board of Directors?
A)The CFO and Internal Audit Department
B)The Internal Audit Department and the independent CPAs
C)The CFO and the independent CPAs
D)The treasurer and controller

Question

Quizplus · Accepted Answer

The Internal Audit Department and the independent CPAs typically report to the audit committee as they provide independent assurance on the effectiveness of the organization's risk management, control, and governance processes. The CFO, treasurer, and controller may report to other committees or to the CEO.

Which of the Following Positions Report to the Audit Committee