妙悟先生品职答疑助手 · 2018年08月07日
All members of the audit committee must possess sufficient financial knowledge in order to perform in their role. This requires an understanding of the relevant accounting rules (e.g., U.S. GAAP, IFRS), financial statements, and internal controls. As a collective, there should be a proper balance of independence, knowledge of the business, and ability to ask probing and relevant questions. The audit committee is largely meant to be independent of management but it should work with management and communicate frequently to ensure that any issues arising are addressed and resolved.