1. Facilitate private evaluation of the CFO 2. Allow the audit committee to press the external auditors for lower fees 3. Reinforce the independence of the committee to the management team 4. Allow the auditors to express concerns to the committee without management present

What is the purpose of private meetings between the audit committee and the auditors, both external and internal?

Facilitate private evaluation of the CFO

Allow the audit committee to press the external auditors for lower fees

Reinforce the independence of the committee to the management team

Allow the auditors to express concerns to the committee without management present

Question added by Mehboob Ali Laghari , Social Mobilization Team Incharge , TRDP-European Union
Date Posted: 2015/07/28

Upvote (1) Views (11) Followers (3) Answers (2) Report Question

by hirra khan , Ex Group Manager Internal Audit and System Control , GOURMET GROUP PAKISTAN

option4 is the right answer.

To ensure independence of auditors is the main reason of this activity.

by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Option4 is the right answer.

Who audits the Auditors?
Top Answer: No one audit the auditor, but there are some professional bodies who provides regulations to auditor. ... See More

Answers (2)
What is the purpose of financial audit?
Top Answer: The purpose of an audit is to provide an objective independent examination of the financial statements, w ... See More

Answers (1)
If Contractor fails to fulfill QA/QC requirements on a project, what project management team will take decision against contractor?
Top Answer: B Project Management Team will instruct the Consultant/Engineer to issue NCR against the Contractor's wor ... See More

Answers (74)
As the "new" Project Manager, what will you do FIRST if you are assigned to take-over a Project from the old Project Management Team?
Top Answer: <p><span>First: Hand over project documentations, read and understand documentation very well ... See More

Answers (54)

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.