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

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

Accounting Financial Reporting Financial Accounting Accounting and Finance
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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
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hirra khan
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.

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

Option4 is the right answer.

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