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Which statement is correct? a. The SEC requires the CFO (executive management) to be a member...

Which statement is correct? a. The SEC requires the CFO (executive management) to be a member of the audit committee. b. The shareholders are granted the right to directly vote on the members of the audit committee. c. Both a and b are correct d. Neither a nor b is correct

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Answer #1

Neither a or b

Reference:-

An audit committee is made of members of a company's board of directors and oversees its financial statements and reporting. Per regulation, the audit committee must include outside board members as well as those well-versed in finance or accounting in order to produce honest and accurate reports.

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