An Effective Board of Directors Helps Ensure That the Company

Multiple Choice

An effective board of directors helps ensure that the company takes only appropriate risks.The audit committee can

A) reduce the likelihood of fraud and financial statement errors through oversight of the entity-level controls.
B) reduce the likelihood of financial statement errors by helping management of the company with complex financial reporting issues.
C) reduce the likelihood of financial statement errors by helping management in the preparation of the financial statements and related notes.
D) reduce the likelihood of overly aggressive accounting through oversight of financial reporting.