According to SOX,at least one member of the audit committee should be a financial expert.

Question

Quizplus · Accepted Answer

This is true. Section 407 of the Sarbanes-Oxley Act (SOX) requires that a publicly-traded company's audit committee be composed of at least three independent directors, and that at least one of them should have financial expertise. This is to ensure that the committee can effectively oversee financial reporting and auditing functions.

According to SOX,at Least One Member of the Audit Committee