According to the changes in financial reporting which of the following is required to communicate with the external auditors and ensure that they are able to effectively perform their work?
A)Board of directors
B)Audit committee of the board of directors
C)Audit committee of the management
D)CEO and corporate officers

Question

Quizplus · Accepted Answer

The audit committee of the board of directors is responsible for communicating with the external auditors and ensuring that they are able to effectively perform their work. This is in line with the changes in financial reporting which require increased communication and cooperation between the audit committee and external auditors. The board of directors, CEO and corporate officers may also have a role in financial reporting, but the audit committee of the board of directors is specifically responsible for communication with external auditors.

According to the Changes in Financial Reporting Which of the Following