According to the SEC, members of a public company\'s audit committee may not: a.

Question

According to the SEC, members of a public company's audit committee may not:

a.        Establish procedures for employees to anonymously report fraud.

b.       Be responsible for the compensation of any registered public accouting firm employed by the company to provide an audit report.

c.        Accept any consulting, advisory, or other compensatory fee from the company for services other than as a member of the board.

d.       Engage independent counsel as deemed necessary to carry out their duties.

Explanation / Answer

c.        Accept any consulting, advisory, or other compensatory fee from the company for services other than as a member of the board.

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