CFA Practice Question

There are 233 practice questions for this study session.

CFA Practice Question

Which of the following statements is false with respect to the responsibilities of the board of directors?
A. Submit financial statements to the independent auditors.
B. Hire the CEO and determine the level and composition of compensation for that role.
C. Establish a system of performance measurement and evaluation.
Explanation: The role of preparing and submitting financial statements to independent auditors falls on management. However, the board is responsible for appointing the independent auditor.

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