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Who is responsible for hiring and firing the external auditor?

1. Chief Financial Officer

2. Audit Committee

3. Chairman of the Board, with the advice of the CEO

4. The shareholders, by vote on the proxy statement

5. The Board, having usually delegated the task to the audit committee

Accounting Auditing 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 (16) Followers (4) Answers (2) Report Question
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Shahbaz Hayder
by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Option5 is the right answer.

Kirshana Cartwright
by Kirshana Cartwright , Human Resources Administrator , The Shore Club Resort

The Audit committe is responsible for hiring and firing the external auditor

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