Would an ineffective audit committee constitute a material

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Reference no: EM132844334

Problem 1. Assume that management had determined that its organizations audit committee is not effective. How do the weaknesses in audit committee affect management's evaluation of internal control over financial reporting? Would an ineffective audit committee constitute a material weakness in internal control over financial reporting? State the rationable for your response.

Problem 2. Why is there a need for a corporation to maintain a comprehensive and cost-efficient communication channels to shareholders and other investors?

Reference no: EM132844334

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