Which of the following is not a specific responsibility of a

Which of the following is not a specific responsibility of an audit committee as mandated by the NYSE?

*Discussing the company’s financial statements with the external auditor.

*Setting hiring policies for former employees of the external auditor.

*Creating and implementing internal controls.

*Discussing financial information provided to analysts.

Solution

Creating and implementing internal controls is not a specific responsibility of an audit committee as mandated by the NYSE