The board of directors consists entirely of the CEO’s close business associates and management of the organization. This a. indicates a weakness in the accounting system. b. is incompliant with the...

The board of directors consists entirely of the

CEO’s close business associates and management

of the organization. This

a. indicates a weakness in the accounting system.

b. is incompliant with the Sarbanes-Oxley Act.

c. is a red flag for auditors to review and report

on executive compensation.

d. is a normal board structure and not an issue

of audit concern.