They must now personally sign off on financial reports, comply with Sarbanes-Oxley's requirements for internal monitoring, work with the board's auditcommittee and the company's internal auditors.
Based on the information mentioned in that article, our internal auditing department under the supervision of our board auditcommittee has reviewed and investigated each allegation separately and exhaustively.
Our internal auditing team under the supervision of our board auditcommittee conducted extensive review and investigation into these allegations separately and found no basis for any of the assumptions made by short seller.
AuditCommittee members are required to proactively probe management, internal auditors and external auditors to gain insight and to make oversight decisions that will hold up, if necessary, in court.