Should Audit Committees Have More Than One Financial Expert?
Wednesday, May 18, 2016
The debate of whether you should have more than one financial expert on your audit committee has existed since the regulators and exchange listing requirements mandated it… and still continues. Cindy Fornelli, Executive Director of the Center for Audit Quality, and host TK Kerstetter share their views on what boards should consider a best practice.
Fornelli explores the pros and cons of multiple financial experts. She also discusses the importance of recruiting qualified board members to succeed current audit committee members and why picking the right skill sets during your analysis will pay dividends down the road.