An audit committee is typically formed of which members?
AThree to five executives
BThree to five non-executives
CTwo to four shareholders
DSix to eight auditors
Answer & Solution
Correct answer: B. Three to five non-executives
The committee has three to five non-executive directors who are meant to give an objective view of the audit.
Keep practising International Ethics Standards Board for Accountants
Browse all International Ethics Standards Board for Accountants questions for CA Final, or explore more Auditing topics.
Related questions
Employment with an audit client is covered by which Section?Internal audit services to an audit client are in which Section?Which Section covers partner rotation with an audit client?NOCLAR for accountants in public practice is covered by which Section?Which Section of Part 3 covers second opinions?Custody of client assets is dealt with in which Section of Part 3?Fees and other types of remuneration in public practice are in which Section?Independence for audit and review engagements is in which Part?