Which of the following individuals would most likely not be considered as having the attributes of a financial expert as required in the SEC rules regarding audit committees?
A. University professor with a PHD in generally accepted accounting principles but little understanding of generally accepted auditing standards.
B. Former CFO of a multinational corporation with an understanding of audit committee functions and extensive knowledge of generally accepted auditing standards.
C. Government tax auditor with an understanding of generally accepted auditing standards and extensive knowledge of generally accepted auditing standards.
D. An accountant for a large non-profit with an understanding of internal controls and procedures for financial reporting.
Answer:C
Which of the following individuals would most likely not be considered as having the attributes of a financial expert as required in the SEC rules regarding audit committees?
A. University professor with a PHD in generally accepted accounting principles but little understanding of generally accepted auditing standards. B. Former CFO of a multinational corporation with an understanding of audit committee functions and extensive knowledge of generally accepted auditing standards. C. Government tax auditor with an understanding of generally accepted auditing standards and extensive knowledge of generally accepted auditing standards. D. An accountant for a large non-profit with an understanding of internal controls and procedures for financial reporting.