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As an external auditor of public companies, I am often asked questions about the independence of audit committees and the seriousness of issues like fraud. Since the passage of the Sarbanes-Oxley Act in 2002, audit committees must be independent and ensure a strong ethical culture within the company. As a CFO, I oversee the financial reporting process, including annual and quarterly reports, as well as reports on significant events. Audit committees play a crucial role in ensuring effective controls to prevent and identify fraud within the company.
