Under Sarbanes-Oxley,every board audit committee must have at least one financial expert.

Question

Quizplus · Accepted Answer

This statement is true. Section 407 of the Sarbanes-Oxley Act requires that each audit committee of a public company must have at least one member who is a financial expert. The financial expert must have certain attributes and experience that qualify them to provide informed oversight of the company's financial reporting process.

Under Sarbanes-Oxley,every Board Audit Committee Must Have at Least One