The New York Stock Exchange requirements regarding composition of the audit committee include each of the following except:
A) the audit committee must have at least three members who are financially sophisticated, and one of those members must be independent.
B) the audit committee must have at least three members who are independent, and one of those members must be financially sophisticated.
C) each member of the audit committee must not have participated in the preparation of the financial statements of the issuer at any time during the past three years.
D) each member of the audit committee must have the ability to read and understand fundamental financial statements.
Correct Answer:
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