What is an audit committee


Response to the following questions:

1. What does efficient markets hypothesis research show and what does an "efficient capital market" mean?

2. In an audit report, what two opinions are expressed by the auditor?

3. What is an audit committee? Generally, what are its duties?

4. Why do investors and creditors desire financial information concerning the operating segments of a company?

If possible, please give examples to better understand your response.

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