Advantages and disadvantages of audit committees o the company should have an audit committee of at least three non executive directors or in the case of smaller o at least one member of the audit committee should have recent and relevant financial experience advantages of audit o it may . Disadvantages of audit committees an audit committees have the following disadvantages o fear that their purpose is to catch management out o non executive directors being overburdened with detail o a two tier board of directors o additional cost in terms at least of time involved. The advantages and disadvantages of audit committees depend partly on who is providing the personnel within the appointed committee there are three main ways in which an audit committee can be formed and appointed. Disadvantages of audit committee the first disadvantages of having the audit committee are incurring the high costs to the entity most of the audit committee members are the senior person and no matter what kind of method we use to provide the benefit to them it is still expensive