Why does Sarbanes-Oxley require one member of the audit committee of a publicly traded company to be

Question:

Why does Sarbanes-Oxley require one member of the audit committee of a publicly traded company to be an expert in finance? Discuss the composition of the audit committee. Would the same rules apply to a company that specializes in finance? Are there any similarities and/or differences between the composition of an audit committee and that of the PCAOB?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Forensic Accounting and Fraud Examination

ISBN: 978-0078136665

2nd edition

Authors: William Hopwood, george young, Jay Leiner

Question Posted: