Why or why not?

Will the presence of “audit committee financial experts” make a difference in terms of financial reporting quality? Why or why not? If yes, should all audit committee directors be “financial experts”?
In your opinion, who should be designated an “audit committee financial expert?” Do you expect differences based on different types of experts (i.e., someone with auditing experience vs. accounting managerial experience vs. non-accounting managerial experience)?

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