Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder

Exercise 25

As generally conceived, the audit committee of a publicly held company should be made up of
A) Representatives of the major equity interests (preferred stock, common stock).
B) The audit partner, the chief financial officer, the legal counsel, and at least one outsider.
C) Representatives from the entity's management, investors, suppliers, and customers.
D) Members of the board of directors who are not officers or employees.