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As an external auditor of public companies, I often face questions about my mustache and the independence of audit committees. Before 2002, audit committees were not always independent. However, the Sarbanes-Oxley Act, also known as Sox, changed that. It required audit committees to be independent and ensure the company maintains a strong ethical tone. As a CFO, I oversee the company's financial reporting process, including preparing reports for investors. Audit committees play a crucial role in ensuring effective controls to prevent fraud in the company's financial statements.
