Question 26:


Which of the following should be the responsibilities of the audit committee?   

I. Reviewing the independence of the external Auditor  

II. Making recommendation on the re-appointment of the Auditors  

III. Reviewing the work of internal audit  

IV. Report to shareholders on the accuracy of the financial statements  


A. I, II and III 

B. I, III and IV 

C. II, III and IV 

D. I, II and IV 

E. II and IV   


The correct answer is (A)


Past Question Review:



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