Should Audit Committees Have More Than One Financial Expert?

Episode Summary

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.

The filming of this episode of Inside America’s Boardrooms was made possible by our Knowledge Partners.