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Problem 1: Which of the following are true with respect to an audit committee?
CHOOSE ALL CORRECT ANSWERS:
A. The audit committee will be responsible for communicating with the external auditors, and this will strengthen the auditors' independence and contribute to a channel of communication and forum of issues.
B. It is recommended that the CEO be a member of the audit committee.
C. Having an audit committee is optional for public companies in Canada.
D. The audit committee also pre-approves all non-audit services.
E. It will help to improve the quality of the financial reporting; the audit committee will assist by reviewing the financial statements.
F. The audit committee is elected by the shareholders.
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given laptop sells for 1000 per unit. variable cost per unit is 400. monthly fixed costs are 2400000. compute the
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howelll audio manufactures military compact discs. the standard hours 27 minutes standard rate per hour 6.40 standard
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