Which of the following matters should normally be dealt with by SDF’s audit committee?

SDF is a quoted company.

Which of the following matters should normally be dealt with by SDF’s audit committee?
A . The external auditor has requested a higher fee than normal for the forthcoming financial year because new legislation will require additional audit work.
B . The Head of Internal Audit is concerned that a recent internal audit investigation may have revealed serious compliance failures.
C . The external auditor is concerned that an accounting policy selected by the Finance Director does not comply with the spirit of the relevant accounting standard.
D . The external auditor has identified a material error, due to a clear miscalculation, in the draft financial statements.
E . The Finance Director will be retiring within the next year and a replacement will have to be found.

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Answer: A,B,C