alleryStart learning →Which report first recommended that companies form audit committees?
AGreenbury Report
BCadbury Report
CHampel Report
DHiggs Report
Answer & Solution
Correct answer: B. Cadbury Report
The Cadbury Report of 1992 first made the recommendation that companies form an audit committee.
Keep practising Standards on Auditing and Professional Ethics
Browse all Standards on Auditing and Professional Ethics questions for CA Final, or explore more Auditing topics.
Related questions
Which US law was a reaction to problems when divisions of one firm provided both audit andWhich EU directive of 17 May 2006 enforces ISAs for all statutory audits in the Union?Which body typically approves selection of a company's external auditor?In India, what does the term statutory auditor refer to?Directors try to stop auditors revealing false accounts. Which independence helps?Which independence protects the auditor's choice of audit strategy?A firm prepared the client's accounts and now audits them. Which threat arises?Which is one of the four standards behind auditor independence?