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the role audit committees play in our financial markets is more important than ever while the responsibilities of audit committees continue to expand and evolve the oversight of a companys financial statements and the external auditor is one of the most critical investors rely on accurate financial statements to make sound investing decisions which is why the sarbanes-oxley Act requires audit committees to disclose whether a financial expert serves on the committee finding a good definition for a financial expert is I believe very difficult because its not just I checked the box where did you work and for whom did you work and what did you do has a lot to do with attitude about how you view financials and how you have a healthy understanding of not just how the financials are produced but whos reading the financials and coordinating with the SEC reporting the cues the case and all of the narrative that goes with it I think the role of a financial expert is important it allows us to