Financial Literacy

Ready
Stock exchange listing standards require that all audit committee members be financially literate. For Nasdaq-listed companies, this means that all audit committee members must be able to read and understand fundamental financial statements, including the company's balance sheet, income statement and cash flow statement, at the time of their appointment to the committee. The NYSE requires all audit committee members to be "financially literate," as such qualification is interpreted by the board in its business judgment, or to become financially literate within a reasonable period of time after being appointed to the committee.
Created By: Russell Benasaraf 03-17-2014
Last Updated By: Russell Benasaraf 03-17-2014
0 comments
0 Views
0 revisions
 

Related Links

No Related Resource entered.