Which of the following statements concerning the role of the Audit Committee is correct?
A . The Audit Committee should provide arrangements for whistle blowing.
B . The Audit Committee should design the system of internal controls.
C . The Audit Committee should engage consultants to carry out business reviews.
D . The Audit Committee should review and monitor the effectiveness of the company’s internal audit function.
E . The Audit Committee should decide annually whether it needs an internal audit function.
F . The Audit Committee should decide annually whether it needs an external audit function.
Answer: A,D,E