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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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Consumers' choices are prey to subtle discrepancies that arise in cognitive accounting. Learning how and when you are prey to these discrepancies is an important step in improving your decision making.
Unfortunately, a quick scan of the business news will normally result in reports of unethical business behavior
Prepare a retained earnings statement for the year. Prepare the stocklnlders' equity section of Dirk Company's December 31, 2017. balance sheet.
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