πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      Question

      According to the Companies Act, 2013, every listed

      company must constitute an Audit Committee. Which of the following is not a role of this committee?
      A Recommendation for appointment of auditors Correct Answer Incorrect Answer
      B Review of internal controls Correct Answer Incorrect Answer
      C Approval of managerial remuneration Correct Answer Incorrect Answer
      D Examination of financial statements Correct Answer Incorrect Answer

      Solution

      Audit Committee deals with audit, risk, and internal controls, not managerial remuneration, which is the domain of Nomination & Remuneration Committee.

      Practice Next

      Relevant for Exams:

      ask-question