From business accounting audit class: One way of getting accounting expertise onto audit committees is to recruit ex-audit firm partners and/or employees onto the board of directors. However, appointing former audit firm partners to boards and audit committees raises independence concerns, and Canada Business Corporations Act States that a retired partner must not take on a senior role at an audit clients firm for one year after retiring. An article by V. Nalker and D.S. Sharma provides evidence that financial statements are of higher quality when former audit partner are on the audit committee and raise doubts about the benefits of a rule limiting their recruitment. Briefly explain how these accounting experts could help or hinder the audit process and thereby have an impact on the quality of a companys internal controls and financial statements. Your answers should include both positive and negative aspects.