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
B Formulating marketing strategies and expanding shareholder base
C Overseeing financial reporting, internal controls and risk management to ensure transparency and accountability
D Conducting statutory audits and filing tax returns independently of company management
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RBI Grade B 2026 Phase 1 Memory Based Paper
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