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A. The information systems department is headed by a vice president who reports directly to the president.
B. The chief financial officer is a vice president who reports to the chief executive officer.
C. The audit committee of the board consists of the chief executive officer, the chief financial officer, and a major shareholder.
D. The controller and treasurer report to the chief financial officer.
The answer is C:
The audit committee should be formed from board members and its members should not have executive responsibilities in the company were they will be a conflict of interest between their executive role and audit role.
