Are there any others qualities that the SEC considers important in designating an audit committee financial expert?
Yes. The SEC admonishes boards to ensure that the financial expert “embodies the highest standards of personal and professional integrity,” taking into account any disciplinary actions to which a potential expert is, or has been, subject. 6. Under the rules, what kind of experience is necessary to acquire the requisite attributes of financial expertise? An audit committee financial expert must have acquired the requisite attributes through one or more of the following types of experience: • Education and experience as a principal financial officer, principal accounting officer, controller, public accountant or auditor or experience in one of more positions that involve the performance of similar functions. • Experience actively supervising a principal financial officer, principal accounting officer, controller, public accountant, auditor or person performing similar functions. • Experience overseeing or assessing the performance of companies or public accountants with respect to the pr
