Audit Committee Self Assessment Checklist
Financial Literacy
All members of the committee are “financially literate.” If not, lack of literacy is due to recent appointment to the committee, and appropriate steps are planned and underway to develop literacy.
Financial Expertise
At least one member has accounting or related financial management expertise.
The board has determined whether at least one committee member meets the definition adopted by the SEC of an “audit committee financial expert.” The name of the “audit committee financial expert” is disclosed in the proxy. If more than one committee member meets the definition, the board considers whether to name more than one person in the proxy.
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