Name three Sarbanes-Oxley Act requirements of the members and duties of the audit committee of a public company.
-MEMBER OF THE BOARD OF DIRECTORS AND INDEPENDENT OF THE COMPANY/MANAGEMENT
-ONLY COMPENSATED FOR SERVING ON THE BOARD/AUDIT COMMITTEE.
-HIRES THE AUDITOR AND OVERSEES THE AUDIT WORK
-APPROVES ALL NON AUDIT SERVICES
-MUST ESTABLISH PROCEDURES FOR COMPLAINTS/WHISTLEBLOWING.
-MUST HAVE THE AUTHORITY TO ENGAGE INDEPENDENT COUNSEL.
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