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      Question

      Which of the following statements accurately explains

      the role of an audit committee in corporate governance?
      A Managing day-to-day financial transactions and employee performance evaluations Correct Answer Incorrect Answer
      B Formulating marketing strategies and expanding shareholder base Correct Answer Incorrect Answer
      C Overseeing financial reporting, internal controls and risk management to ensure transparency and accountability Correct Answer Incorrect Answer
      D Conducting statutory audits and filing tax returns independently of company management Correct Answer Incorrect Answer

      Solution

      The correct answer is C

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