Audit Committee Candidate Decision Tree

The AICPA's Audit Committee toolkit contains the following decision tree that may assist Audit Committees in evaluating a candidate for consideration as their financial expert. 

Graphic of the Audit Committee Candidate Decision Tree

BDO Insight

If, upon reaching the bottom of the left column of the flow chart, all of the answers to the preceding questions are “NO,” then the candidate would not satisfy the attributes to be designated as an audit committee financial expert.

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