Response to the following:
Brittney, a new associate at your firm, is confused about the role of the Audit Committee (AC) of public companies in the Financial Reporting Process, particularly as it relates to management and auditors (external and internal). As the engagement manager, write a memo to Brittney
describing, in layman terms, the AC's role as it relates to client management, and internal and external auditors, pursuant to The Sarbanes-Oxley Act of 2002.
Requirement:
1) Respond in written business memo format (200 to 300 words)
2) Formatting guidelines - Times new roman/12pt. font, single-spaced, 1" margin.