Question
an audit committee must be comprised of outside members that sit on the board of directors, must be financially literate and have at least one
an audit committee must be comprised of "outside" members that sit on the board of directors, must be "financially literate" and have at least one "financial expert". With this in mind I want you to find a publicly traded company and review their audit committee. Pick whatever company you wish! Please report as your discussion topic the following:
Company you selected (along with company url)
Names of individuals on the audit committee
Which member of the audit committee would you consider to be the "financial expert", why?
Do you think the audit committee is "financially literate" - why or why not?
Is the audit committee comprised of solely "outside" members? Why do you think this is important?
(OPTIONAL): Do you see any potential conflicts of interest or issues with the audit committee you reviewed?
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