5. As generally conceived, the audit committee of a publicly held company should be made...

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Accounting

5. As generally conceived, the audit committee of a publicly held company should be made up of:
a. members of the board of directors who are not officers or employees.
b. representatives from the entitys management, investors, suppliers, and customers.
c. representatives of the major equity interests (preferred stock, common stock).
d. the audit partner, the chief financial officer, the legal counsel, and at least one outsider.

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