n NISM Certifications
XV NISM Series XV
Medium

Which committee reviews financial statements and nominates auditors?

Practice question from NISM XV Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Audit committee

    Correct answer

  2. B

    Nomination committee

  3. C

    Remuneration committee

  4. D

    Board committee

Why this is the answer

The audit committee ensures financial reporting integrity and auditor independence.

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