The Audit Committee's role under Section 177(4) includes recommending:
ACapital expenditure budgets
BHR policies
CAppointment, remuneration and terms of appointment of auditors of the company
DMarketing strategy
Answer & Solution
Correct answer: D. Marketing strategy
1. Section 177(4) lists Audit Committee functions: recommending auditor appointment, remuneration, terms.
2. Other items (HR, marketing, capex) are management/Board functions.
3. Audit Committee acts as oversight bridge between management and auditor.
_Source: ICAI BoS CA Final Paper 3, Ch 5 "Company Audit"_
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