| |
RULE REQUIREMENT
|
H. Christenson’s
Credentials
|
| 1. Education and experience as a principal
financial officer, principal accounting officer, controller,
public accountant, or auditor, or experience in one or more positions
that involve the performance of similar functions. |
Degreed Accountant and MBA, responsible as
Chief Financial Officer and Chief Accounting Officer. |
| 2. Experience actively supervising a principal financial officer,
principal accounting officer, controller, public accountant,
auditor, or person performing similar functions. |
Experience as a Controller and Chief Financial Officer, managing
and directing operational accounting and corporate consolidations
staff. |
| 3. Experience overseeing or assessing the
performance of companies or public accountants with respect to
the preparation, auditing, or evaluation of financial statements,
or |
Experience in the preparation and review
of SEC registration statements for both Debt and Equity Securities
and for 1934 Exchange Act reporting for on Forms 10-K, 10-Q,
8-K for U.S. public companies. |
| 4. Other relevant experience. |
Consulting experience as interim CFO for public companies in
turn-around or distressed situations. |
Finally, the SEC is keeping the requirement that
an audit committee financial expert have
experience with financial statements that present accounting issues that are “generally
comparable” to those raised by the registrant’s financial statements.
The SEC believes that “a company’s board of directors will make
the necessary assessment based on particular facts and circumstances. In making
its assessment, the board should focus on a variety of factors such as the
size of the company with which the person has experience, the scope of that
company’s operations and the complexity of its financial statements and
accounting.”
Source: National Association of Corporate Directors, 1828 L Street NW Suite
801, Washington, D.C. 20036, DM Extra!, February 7, 2003, “The Thin Blue
Line: SEC Casts Independent Directors in Starring Role for Fraud Prevention.”
Sarbanes-Oxley
Act | Audit Committee Expert | Experience
Requirements | Relevant
Career Timeline
|
|
