Which committee of the board is primarily responsible for overseeing financial reporting and external
Which committee of the board is primarily responsible for overseeing financial reporting and external audit in Canadian public companies?
A. Nominating committee
B. Audit committee
C. Compensation committee
D. Governance committee
Answer: B
Explanation: Audit committees oversee financial integrity, audit processes, and compliance with accounting standards; mandatory for Canadian public reporting issuers.
