Describes the purpose of the audit committee charter

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Reference no: EM131134659

Which of the following BEST describes the purpose of the Audit Committee Charter?

To provide the detailed audit procedures that should be followed by the Internal Audit Department staff.

To grant the authority, scope of responsibility and accountability of the Audit Committee.

To establish the roles of the audit committee members.

To establish the rules related to the hiring of the external audit firm.

Reference no: EM131134659

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